Disqualified Person
/dɪsˈkwɒlɪfaɪd ˈpɜrsən/
Definitions
- (n.) An individual or entity barred by law or regulation from participating in certain transactions or activities due to conflict of interest, insider status, or regulatory restrictions.
The disqualified person was prohibited from making decisions about the nonprofit's assets.
Forms
- disqualified person
- disqualified persons
Related terms
See also
Commentary
The term often arises in trust, nonprofit, and tax law contexts, where disqualified persons are restricted from certain engagements to prevent abuse or conflicts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.