### Question
What does qualifying employer security mean?


### Answer
**Qualifying employer security** has the following meaning in *29 U.S.C. § 1107*:

> an employer security which is—


(A) stock,


(B) a marketable obligation (as defined in subsection (e) of this section), or


(C) an interest in a publicly traded partnership (as defined in section 7704(b) of title 26), but only if such partnership is an existing partnership as defined in section 10211(c)(2)(A) of the Revenue Act of 1987 (Public Law 100–203)

#### Citation:
  - *29 U.S.C. § 1107*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 4-fiduciary responsibility**

