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Text of PBGC Approval of Exemption from the Bond/Escrow Requirement Relating to the Sale of Assets by an Employer Who Contributes to a Multiemployer Plan: Ricketts Acquisition LLC and the Chicago National League Ball Club, LLC
Pension Benefit Guaranty Corporation [PBGC] 
[Official Guidance] Dec. 28, 2010
3 pages. "Section 4204 of [ERISA] provides that a bona fide arm's-length sale of assets of a contributing employer to an unrelated party will not be considered a withdrawal if three conditions are met."
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