Bulletin No. 2000–38 September 18, 2000

Notice 2000–53, page 293. SRLY election to avoid overlap rules. The Treasury Department and the Service intend to provide an election to allow a corporation that ceased to be a member of a consolidated group as a result of a qualified stock purchase to avoid the application of the overlap rules of sections 1.1502–15(g), 1.1502–21(g), and 1.1502–22(g) of the regulations while it was in that group.