Source: http://uscode.house.gov/view.xhtml?req=(title:29%20section:1107%20edition:prelim)
Timestamp: 2019-06-27 00:18:19
Document Index: 411656295

Matched Legal Cases: ['art 4', '§ 1107', '§407', '§9345', '§7881', '§1', '§1524', '§901', '§7891', '§9345', '§1524', '§655', '§655', '§2', '§9345']

[USC02] 29 USC 1107: Limitation with respect to acquisition and holding of employer securities and employer real property by certain plans
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29 USC 1107: Limitation with respect to acquisition and holding of employer securities and employer real property by certain plans Text contains those laws in effect on June 25, 2019
(3)(A) After December 31, 1984, a plan may not hold any qualifying employer securities or qualifying employer real property (or both) to the extent that the aggregate fair market value of such securities and property determined on December 31, 1984, exceeds 10 percent of the greater of-
(2)(A) If this paragraph applies to an eligible individual account plan, the portion of such plan which consists of applicable elective deferrals (and earnings allocable thereto) shall be treated as a separate plan-
(B)(i) This paragraph shall apply to any eligible individual account plan if any portion of the plan's applicable elective deferrals (or earnings allocable thereto) are required to be invested in qualifying employer securities or qualifying employer real property or both-
( Pub. L. 93–406, title I, §407, Sept. 2, 1974, 88 Stat. 880 ; Pub. L. 100–203, title IX, §9345(a)(1), (2), (b), Dec. 22, 1987, 101 Stat. 1330–373 ; Pub. L. 101–239, title VII, §§7881(l)(1)–(4), 7891(a)(1), 7894(e)(2), Dec. 19, 1989, 103 Stat. 2443 , 2445, 2450; Pub. L. 101–540, §1, Nov. 8, 1990, 104 Stat. 2379 ; Pub. L. 105–34, title XV, §1524(a), Aug. 5, 1997, 111 Stat. 1071 ; Pub. L. 109–280, title IX, §901(b)(2), Aug. 17, 2006, 120 Stat. 1032 .)
2006-Subsec. (b)(3)(D). Pub. L. 109–280 added subpar. (D).
1997-Subsec. (b)(2), (3). Pub. L. 105–34 added par. (2) and redesignated former par. (2) as (3).
1990-Subsec. (d)(5). Pub. L. 101–540 amended par. (5) generally. Prior to amendment, par. (5) read as follows: "The term 'qualifying employer security' means an employer security which is stock or a marketable obligation (as defined in subsection (e)). After December 17, 1987, in the case of a plan other than an eligible individual account plan, stock shall be considered a qualifying employer security only if such stock satisfies the requirements of subsection (f)(1)."
1989-Subsec. (d)(3)(A), (6)(A), (7). Pub. L. 101–239, §7891(a)(1), substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954", which for purposes of codification was translated as "title 26" thus requiring no change in text.
1987-Subsec. (d)(3)(C). Pub. L. 100–203, §9345(a)(1), added subpar. (C).
Pub. L. 105–34, title XV, §1524(b), Aug. 5, 1997, 111 Stat. 1072 , as amended by Pub. L. 107–16, title VI, §655(a), June 7, 2001, 115 Stat. 131 , provided that:
"(1) In general.-Except as provided in paragraph (2), the amendments made by this section [amending this section] shall apply to elective deferrals for plan years beginning after December 31, 1998.
"(2) Nonapplication to previously acquired property.-The amendments made by this section shall not apply to any elective deferral which is invested in assets consisting of qualifying employer securities, qualifying employer real property, or both, if such assets were acquired before January 1, 1999."
[ Pub. L. 107–16, title VI, §655(b), June 7, 2001, 115 Stat. 131 , provided that: "The amendment made by this section [amending section 1524(b) of Pub. L. 105–34, set out above] shall apply as if included in the provision of the Taxpayer Relief Act of 1997 [Pub. L. 105–34] to which it relates."]
Pub. L. 101–540, §2, Nov. 8, 1990, 104 Stat. 2379 , provided that: "The amendment made by section 1 [amending this section] shall apply to interests in publicly traded partnerships acquired before, on, or after January 1, 1987."
Pub. L. 100–203, title IX, §9345(a)(3), Dec. 22, 1987, 101 Stat. 1330–373 , provided that: "The amendments made by this subsection [amending this section] shall apply with respect to arrangements established after December 17, 1987."