John F. Romann - Page 17

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          Paragraph (b)(4)6 of the regulation supersedes paragraphs (b)(1),           
          (2), and (3) in the case of collectively bargained plans.                   


               6  Sec. 1.7476-1, Income Tax Regs., provides, in pertinent             
          part, as follows:                                                           
               SEC. 1.7476-1 Interested parties.                                      
                           *    *    *    *    *    *    *                            
                    (b) Interested parties--                                          
                           *    *    *    *    *    *    *                            
                         (4) Collectively bargained plans.  In the case of            
                    an application with respect to a plan described in                
                    section 413(a) (relating to collectively bargained                
                    plans), paragraphs (b)(1), (2) and (3) of this section            
                    shall not apply and all present employees covered by a            
                    collective-bargaining agreement pursuant to which the             
                    plan is maintained shall be interested parties.                   
                         (5) Plan terminations.  In the case of an                    
                    application for an advance determination with respect             
                    to whether a plan termination affects the continuing              
                    qualification of a retirement plan, paragraphs (b)(1),            
                    (2), (3) and (4) of this section shall not apply, and             
                    all present employees with accrued benefits under the             
                    plan, all former employees with vested benefits under             
                    the plan, and all beneficiaries of deceased former                
                    employees currently receiving benefits under the plan,            
                    shall be interested parties.                                      
                           *    *    *    *    *    *    *                            
                    (c) Special rules.  For purposes of paragraph (b) of              
               this section and section 1.7476-2:                                     
                         (1) Time of determination.  The status of an                 
                    individual as an interested party and as a present                
                    employee or former employee shall be determined as of a           
                    date determined by the applicant, which date shall not            
                    be earlier than five business days before the first               
                    date on which the notice of the application is given to           
                    interested parties pursuant to section 1.7476-2 nor               
                    later than the date on which such notice is given.                




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