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nonadverse party
(Tax Law)
Any person who is not an adverse party. IRC § 672(b). A person who is nonadverse and who has a certain relation to the grantor is termed a "related or subordinate party." Such party is considered to be subservient to the grantor in most instances with regard to the exercise of power, unless a preponderance of the evidence indicates otherwise. IRC § 672(c)
Source : Internal Revenue Service - United States Department of Treasury
Language : English