Elections must be made in writing on or before the issue date and retained as part of the bond documents, and, once made, may not be revoked without the permission of the Commissioner.
(d) Related parties.
Except as otherwise provided, all related parties are treated as one person and any reference to “person” includes any related party.
[T.D. 6792, 30 FR 530, Jan. 15, 1965, as amended by T.D. 7123, 36 FR 11085, June 9, 1971; revised by T.D. 8712, 62 FR 2275-2305, Jan. 16, 1997.]