Definition of "Prohibited transactions"
Ashley Mullinax, Real Estate Agent
Century 21 Crowe Realty
Actions not allowed between a trust and a disqualified person under the employee retirement income security act of 1974 (erisa). The disallowed actions are designed to prevent a conflict of interest between the trust plan and those who have a vested interest in that plan. The disallowed actions between the trust plan and the disqualified person include the sale, lending, exchange, and leasing of goods or services between the two parties.
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