Majority owner

Majority owner means, with respect to a contributing sponsor of a single-employer plan, an individual who owns, directly or indirectly (taking into account the constructive ownership rules of section 414 and (c) of the Code) -
(1) The entire interest in an unincorporated trade or business;
(2) 50 percent or more of the capital interest or the profits interest in a partnership; or
(3) 50 percent or more of either the voting stock of a corporation or the value of all of the stock of a corporation.

Source

29 CFR § 4001.2


Scoping language

For purposes of this chapter (unless otherwise indicated or required by the context):

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