### Question
What is the definition of majority owner?


### Answer
The definition of **majority owner** is as follows in *29 U.S.C. § 1322*:

> an individual who, at any time during the 60-month period ending on the date the determination is being made—


(i) owns the entire interest in an unincorporated trade or business,


(ii) in the case of a partnership, is a partner who owns, directly or indirectly, 50 percent or more of either the capital interest or the profits interest in such partnership, or


(iii) in the case of a corporation, owns, directly or indirectly, 50 percent or more in value of either the voting stock of that corporation or all the stock of that corporation

#### Citation:
  - *29 U.S.C. § 1322*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER III-PLAN TERMINATION INSURANCE > Subtitle B-Coverage**

