### Question
How is the "qualifying employer security" defined?


### Answer
The term **qualifying employer security** is defined in *29 U.S.C. § 1107* as follows -

> 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 17-COMPREHENSIVE EMPLOYMENT AND TRAINING PROGRAMS > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 4-fiduciary responsibility**

