---
kind: "section"
citation: "11 C.F.R. § 9034.9"
title: "11"
number: "9034.9"
heading: "Sale of assets acquired for fundraising purposes."
url: "https://uscodex.org/cfr/11/9034.9"
---

# §9034.9. Sale of assets acquired for fundraising purposes.

- (a) **General.** A candidate may sell assets donated to the candidate's authorized committee(s) or otherwise acquired for fundraising purposes (See [11 CFR 9034.5(c)(2)](/cfr/11/9034.5.md?p=c-2)), subject to the limitations and prohibitions of Title 52, United States Code and 11 CFR parts [110](/cfr/11/part110.md) and [114](/cfr/11/part114.md).
- (b) **Sale after end of matching payment period.** A candidate whose outstanding debts exceed his or her cash on hand after the end of the matching payment period as determined under [11 CFR 9032.6](/cfr/11/9032.6.md) may dispose of assets acquired for fundraising purposes in a sale to a wholesaler or other intermediary who will in turn sell such assets to the public, provided that the sale to the wholesaler or intermediary is an arms-length transaction. Sales made under this subsection will not be subject to the limitations and prohibitions of Title 52, United States Code and 11 CFR parts [110](/cfr/11/part110.md) and [114](/cfr/11/part114.md).

## Notes

### Amendments

[56 FR 34132, July 25, 1991 and 56 FR 35934, July 29, 1991, as amended at 79 FR 77851, Dec. 29, 2014]

### Authority

Authority: 26 U.S.C. 9034 and 9039(b).

### Source

Source: 56 FR 34132, July 25, 1991; 56 FR 35934, July 29, 1991, unless otherwise noted.

### Amendments

[56 FR 34132, July 25, 1991 and 56 FR 35934, July 29, 1991, as amended at 79 FR 77851, Dec. 29, 2014]