deemed-owned shares
Defined in 1 place of the United States Code.
The term “deemed-owned shares” means, with respect to any person—
(I) the stock in the S corporation constituting employer securities of an employee stock ownership plan which is allocated to such person under the plan, and
(II) such person's share of the stock in such corporation which is held by such plan but which is not allocated under the plan to participants.
Source
- 2001–present26 U.S.C. § 409Internal Revenue Code · Qualifications for tax credit employee stock ownership plans · for purposes of this section