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Which of the following are requirements for a qualified stock bonus plan? 1Participants must have pass through voting rights for stock held by the plan.

Which of the following are requirements for a qualified stock bonus plan?

1Participants must have pass through voting rights for stock held by the plan.

2Participants must have the right to demand employer securities at a distribution, even if the plan sponsor is a closely held corporation.

1 only Both

1 and 2 Neither 1 nor 2

2 only

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