A Co. is for sale. The corporation has never had shareholdings in other corporations, and the company will be a small business corporation at the time of sale. Which of the following is not one of the conditions necessary in the 24 months preceding the sale of shares for qualified small business corporation status to apply for A Co.?

A. More than 50% of the fair market value of the assets must be 'active business' assets.

B. A Co's shares must not be owned by an unrelated person.

C. A Co. must be a CCPC.

D. 100% of the fair market value of the assets must be 'active business' assets.