§802.10. Stock dividends and splits; reorganizations.
16 C.F.R. § 802.10
The acquisition of voting securities pursuant to a stock split or pro rata stock dividend is exempt from the requirements of the Act under section 7A(c)(10).
An acquisition of non-corporate interests or voting securities as a result of the conversion of a corporation or unincorporated entity into a new entity is exempt from the requirements of the Act if:
No new assets will be contributed to the new entity as a result of the conversion; and
Either—
As a result of the transaction the acquiring person does not increase its per centum holdings in the new entity relative to its per centum holdings in the original entity; or
The acquiring person controlled the original entity.
Notes, amendments, and revision history
Amendments
[70 FR 11513, Mar. 8, 2005]
Authority
Authority: 15 U.S.C. 18a(d).
Source
Source: 43 FR 33544, July 31, 1978, unless otherwise noted.
Amendments
[70 FR 11513, Mar. 8, 2005]