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disqualified person2 includes an owner of 50 percent or more
2 Sec. 4975(e) provides:
SEC. 4975(e). Definitions.--
* * * * * * *
(2) Disqualified person.--For purposes of this
section, the term "disqualified person" means a person
who is--
(A) a fiduciary;
(B) a person providing services to
the plan;
(C) an employer any of whose
employees are covered by the plan;
(D) an employee organization any of
whose members are covered by the plan;
(E) an owner, direct or indirect, of
50 percent or more of--
(i) the combined voting power
of all classes of stock entitled to
vote or the total value of shares of
all classes of stock of a
corporation,
(ii) the capital interest or
the profits interest of a
partnership, or
(iii) the beneficial interest
of a trust or unincorporated
enterprise, which is an employer or
an employee organization described in
subparagraph (C) or (D);
* * * * * * *
(G) a corporation, partnership, or
trust or estate of which (or in which) 50
percent or more of--
(i) the combined voting power of
(continued...)
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Last modified: May 25, 2011