# Definition of Disqualified Person
> **IRS** · Final regulations. · Published 2002-02-01 · Effective 2002-02-01 · 67 FR 4907
## Document
- **Document number:** 02-2532
- **Category:** other
- **Sub-agency:** IRS
- **Federal Register citation:** 67 FR 4907
- **CFR reference:** 26 CFR 1
- **Publication date:** 2002-02-01
- **Effective date:** 2002-02-01
- **Treasury docket:** TD 8982
## Abstract

This document contains final regulations narrowing the definition of the term disqualified person for section 1031 like-kind exchanges. The amendments in the regulations are in response to recent changes in the federal banking law, especially the repeal of section 20 of the Banking Act of 1933 (commonly referred to as the Glass-Steagall Act). The regulations will affect the eligibility of certain persons to serve as escrow holders of qualified escrow accounts, trustees of qualified trusts, and qualified intermediaries.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2002/02/01/02-2532/definition-of-disqualified-person)
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