ESOP beneficiary

(ii)The term “ESOP beneficiary” means any beneficiary which is an employee stock ownership plan (as defined in) that holds a remainder interest in qualified employer securities (as defined in section 664(g)(4)) to be transferred to such plan in a qualified gratuitous transfer (as defined in section 664(g)(1)).

Source

26 USC § 2056(b)(8)(B)(ii)


Scoping language

For purposes of subparagraph
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