disqualified person

(4)The term “disqualified person” means, with respect to a trust described in section 501(c)(21), a person who is— (A)a contributor to the trust, (B)a trustee of the trust, (C)an owner of more than 10 percent of— (i)the total combined voting power of a corporation, (ii)the profits interest of a partnership, or (iii)the beneficial interest of a trust or unincorporated enterprise, (D)an officer, director, or employee of a person who is a contributor to the trust, (E)the spouse, ancestor, lineal descend­ant, or spouse of a lineal descendant of an individual described in subparagraph (A), (B), (C), or (D), (F)a corporation of which persons described in subparagraph (A), (B), (C), (D), or (E) own more than 35 percent of the total combined voting power, (G)a partnership in which persons described in subparagraph (A), (B), (C), (D), or (E), own more than 35 percent of the profits interest, or (H)a trust or estate in which persons described in subparagraph (A), (B), (C), (D), or (E), hold more than 35 percent of the beneficial interest. (f)For purposes of this section, a payment, out of assets or income of a trust described in section 501(c)(21), for the purposes described in subclause (I) or (IV) ofshall not be considered an act of self-dealing.

Source

26 USC § 4951(e)(4)


Scoping language

For purposes of this section
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