ERISA-Bubs Posted May 1, 2013 Posted May 1, 2013 The ESOP statute requires an ESOP of a private companies to hold the Common Stock of the company with the best voting power and dividend rights. Can a private company have an ESOP that holds Common Stock with the best voting power and dividend rights and also have preferred stock with better voting power and/or dividend rights than the Common Stock held by the ESOP? Any cites to official or unoffical guidance are greatly appreciated.
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