eilano Posted May 22, 2006 Posted May 22, 2006 A company has three shareholders - a majority partner, a minority partner and the ESOP. Can the minority partner purchase shares from the ESOP? I assume the answer is no because of the prohibited transaction rules. Would the minority partner have any other options of acquiring shares from the ESOP?
Kirk Maldonado Posted May 24, 2006 Posted May 24, 2006 Have you looked at ERISA section 408(e)? Kirk Maldonado
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now