entity manager
Defined in 1 place of the United States Code.
For purposes of this section, the term "entity manager" means—
Source
- 2006–201526 U.S.C. § 4965Internal Revenue Code · Excise tax on certain tax-exempt entities entering into prohibited tax shelter transactions · for purposes of this section
For purposes of this section, the term “entity manager” means—
(1) in the case of an entity described in paragraph (1), (2), or (3) of subsection (c)—
(A) the person with authority or responsibility similar to that exercised by an officer, director, or trustee of an organization, and
(B) with respect to any act, the person having authority or responsibility with respect to such act, and
(2) in the case of an entity described in paragraph (4), (5), (6), or (7) of subsection (c), the person who approves or otherwise causes the entity to be a party to the prohibited tax shelter transaction.
Source
- 2013–present26 U.S.C. § 4965Internal Revenue Code · Excise tax on certain tax-exempt entities entering into prohibited tax shelter transactions · for purposes of this section