### Question
Can you define what unrelated party means?


### Answer
**Unrelated party** is defined as the following in *29 U.S.C. § 1384*:

> a purchaser or seller who does not bear a relationship to the seller or purchaser, as the case may be, that is described in section 267(b) of title 26, or that is described in regulations prescribed by the corporation applying principles similar to the principles of such section

#### Citation:
  - *29 U.S.C. § 1384*
  - Heading: **CHAPTER 18-EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM > SUBCHAPTER III-PLAN TERMINATION INSURANCE > Subtitle E-Special Provisions for Multiemployer Plans > part 1-employer withdrawals**

