Splicing in, and using a panel as a raceway is permitted.
In the 2002 NEC you can find this at 312.8 but this is not a new code, just relocated.
You can also look at 404.3(A) and 404.3(B) this ends up pointing you back to 312.8
[This message has been edited by iwire (edited 05-03-2003).]