### Question
What is the definition of applicable preferred stock?


### Answer
The definition of **applicable preferred stock** is as follows in *29 U.S.C. § 1083*:

> preferred stock which was issued before March 1, 2010 (or which was issued after such date and is held by an employee benefit plan subject to the provisions of this subchapter)

#### Citation:
  - *29 U.S.C. § 1083*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER I-PROTECTION OF EMPLOYEE BENEFIT RIGHTS > Subtitle B-Regulatory Provisions > part 3-funding**

