Adequate Consideration Status Update
Awaiting Proposed ESOP Regulations In April of this year, the author wrote âAdequate Considerationâ Defined? for QuickRead. Since then, the author has regularly checked for updates from the Department of Labor (DOL) with respect to the definition of adequate consideration as it pertains to section 408(e) of the Employee Retirement Income Security Act of 1974 and employee stock ownership plans. Although ther ...
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