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Federation of Exchange Accommodators Elects Hugh Pollard to Board of Directors
October 10, 2007
Chicago, IL – First American Exchange Company, LLC announced today the election of Hugh Pollard CES® to the Board of Directors of the Federation of Exchange Accommodators (FEA). The position is a one-year term beginning immediately and concluding at the industry conference next fall.
The FEA is the only national trade organization formed to represent the Qualified Intermediary (QIs) industry and the interests of consumers who use these services. Qualified Intermediaries are professionals who are trained to execute 1031 Exchanges. The FEA also represents the legal and tax advisors as well as affiliated businesses that are directly involved in Section 1031 Exchanges. Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment.
The Board of Directors was elected by the general membership at the Annual General Membership Meeting held on Friday, October 5, 2007 during the FEA’s 13th Annual Conference held last week in Chicago, IL. Hugh Pollard was elected for a seventh term on the FEA Board. He just completed a one year term as President of the FEA. Mr. Pollard is the Vice-President/Regional Manager of the Chicago office of First American Exchange Company, LLC.
“My experience with the FEA has been very challenging, but very fulfilling as well. I look forward to continuing the effort to promote the exchange industry for the benefit of the public and the profession.”
For more information: The Federation of Exchange Accommodators (FEA) is a national trade organization formed to represent qualified intermediaries (QI's), their primary legal/tax advisors and affiliates who are directly involved in Section 1031 Exchanges. Formed in 1989, the FEA was organized to promote the discussion of ideas and innovations in the industry, to establish and promote ethical standards of conduct for QI's, to offer education to both the exchange industry and the general public, and to work toward the development of uniformity of practice and terminology within the exchange profession. The FEA also provides timely input and updates on pending issues at the State and Federal level, Internal Revenue Service and Treasury Rulings, and Court Decisions.
For more information on membership in the FEA, please visit www.1031.org.
First American Exchange
800-556-2520
WWW.FIRSTEXCHANGE.COM
The FEA is the only national trade organization formed to represent the Qualified Intermediary (QIs) industry and the interests of consumers who use these services. Qualified Intermediaries are professionals who are trained to execute 1031 Exchanges. The FEA also represents the legal and tax advisors as well as affiliated businesses that are directly involved in Section 1031 Exchanges. Section 1031 of the Internal Revenue Code provides that no gain or loss shall be recognized on the exchange of property held for productive use in a trade or business, or for investment.
The Board of Directors was elected by the general membership at the Annual General Membership Meeting held on Friday, October 5, 2007 during the FEA’s 13th Annual Conference held last week in Chicago, IL. Hugh Pollard was elected for a seventh term on the FEA Board. He just completed a one year term as President of the FEA. Mr. Pollard is the Vice-President/Regional Manager of the Chicago office of First American Exchange Company, LLC.
“My experience with the FEA has been very challenging, but very fulfilling as well. I look forward to continuing the effort to promote the exchange industry for the benefit of the public and the profession.”
For more information: The Federation of Exchange Accommodators (FEA) is a national trade organization formed to represent qualified intermediaries (QI's), their primary legal/tax advisors and affiliates who are directly involved in Section 1031 Exchanges. Formed in 1989, the FEA was organized to promote the discussion of ideas and innovations in the industry, to establish and promote ethical standards of conduct for QI's, to offer education to both the exchange industry and the general public, and to work toward the development of uniformity of practice and terminology within the exchange profession. The FEA also provides timely input and updates on pending issues at the State and Federal level, Internal Revenue Service and Treasury Rulings, and Court Decisions.
For more information on membership in the FEA, please visit www.1031.org.
First American Exchange
800-556-2520
WWW.FIRSTEXCHANGE.COM
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