5-percent shareholder
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 382 — for purposes of this section
The term “5-percent shareholder” means any person holding 5 percent or more of the stock of the corporation at any time during the testing period.
26 U.S.C. § 664 — for purposes of this section (8 versions over time)
For purposes of subparagraph (A), the term “5-percent shareholder” means any person who owns (directly or through the application of section 318(a)) more than 5 percent of the outstanding stock of the corporation which issued such qualified employer securities or of any corporation which is a member of the same controlled group of corporations (within the meaning of section 409(l)(4)) as such corporation. For purposes of the preceding sentence, section 318(a) shall be applied without regard to the exception in paragraph (2)(B)(i) thereof.