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Purchasing a Participant's ESOP Stock With a Promissory Note

Some of my clients have been asking if they can make distributions from their ESOP in the form of company stock and pay the former participant over a period of years when such participant puts the stock to the employer.  This piece is right on point with the answer (or lack of a definitive answer) to that question - Purchasing a Participant's ESOP Stock With a Promissory Note: Is Your "Adequate Security" Really Adequate?

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