Loans to Owner-Employees or Shareholder. Employees No loan shall be granted to an Owner-Employee or Shareholder-Employee unless an exemption has been obtained for such loan from the Secretary of Labor under Section 408 of the Act (and such loan is exempt from the excise tax imposed under Section 4975 of the Code).
Appears in 10 contracts
Samples: Adoption Agreement (Premier Strategic Growth Fund), Adoption Agreement (Dreyfus Lifetime Portfolios Inc), Adoption Agreement (Dreyfus Growth & Income Fund Inc /New/)
Loans to Owner-Employees or Shareholder. Employees No loan shall be granted to an Owner-Employee or Shareholder-Employee unless an exemption has been obtained for such loan from the Secretary of Labor under Section section 408 of the Act (and such loan is exempt from the excise tax imposed under Section section 4975 of the Code).
Appears in 10 contracts
Samples: Adoption Agreement (Dreyfus Growth & Income Fund Inc /New/), Adoption Agreement (Dreyfus Growth Opportunity Fund Inc), Adoption Agreement (Dreyfus Lifetime Portfolios Inc)
