Regulated Investment Company

Regulated Investment Company means:
a mutual fund or real estate investment trust eligible under Regulation M of the Internal Revenue Code to pass capital gains, dividends, and interest earned on fund investments directly to its shareholders to be taxed at the personal level, thus avoiding the double taxation on corporations and stockholders. Former IRC (check if this IRC provision is current here) §851.

See also Capital Gain in the American Legal Encyclopedia and Capital Gain in the World Legal Encyclopedia.

See Dividend in the American Legal Encyclopedia and Dividend in the World Legal Encyclopedia.