5 ms·

IANAL, but I believe you are misinterpreting the clause - the clause disqualifies an officer or 10% shareholder of (subparagraph G:) a corporation that is >= 50

IANAL, but I believe you are misinterpreting the clause - the clause disqualifies an officer or 10% shareholder of (subparagraph G:) a corporation that is >= 50% owned by (subparagraph A:) a fiduciary (owner of the IRA). But Thiel did not own >= 50% of PayPal.

rtkwe 5y ago
No reads like a list where each clause there is separate so being a director or officer would be a disqualified person.
- argonaut 5y ago
  That does not make sense. Then the clause would disqualify "an officer" of anything.
  - rtkwe 5y ago
    No only owning shares in their IRA of the company they're directly an officer in. It's limited in scope to essentially people with significant control in a corporation.