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What Are the Requirements That Must Be Satisfied for a Distribution

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What are the requirements that must be satisfied for a distribution to qualify under § 302(b)(2) as a disproportionate redemption?


Definitions:

Split Personality

An outdated term often associated with dissociative identity disorder, characterized by the presence of two or more distinct personality states.

Disordered

A state or condition in which there is a disruption or disturbance of normal functioning or arrangement.

Socioeconomic Classes

Categories of people sharing similar levels of wealth, income, education, and occupational prestige, influencing lifestyle and opportunities.

Privileged

Having special rights, advantages, or immunities that are not available to everyone.

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