### Question
What is the definition of ESOP beneficiary?


### Answer
The definition of **ESOP beneficiary** is as follows in *26 U.S.C. § 2056*:

> any beneficiary which is an employee stock ownership plan (as defined in section 4975(e)(7)) that holds a remainder interest in qualified employer securities (as defined in section 664(g)(4)) to be transferred to such plan in a qualified gratuitous transfer (as defined in section 664(g)(1))

#### Citation:
  - *26 U.S.C. § 2056*
  - Heading: **Subtitle B-Estate and Gift Taxes > CHAPTER 11-ESTATE TAX > Subchapter A-Estates of Citizens or Residents > PART IV-TAXABLE ESTATE**

