§802.35. Acquisitions by employee trusts.
16 C.F.R. § 802.35
An acquisition of voting securities shall be exempt from the notification requirements of the act if:
The securities are acquired by a trust that meets the qualifications of section 401 of the Internal Revenue Code;
The trust is controlled by a person that employs the beneficiaries and,
The voting securities acquired are those of that person or an entity within that person.
Notes, amendments, and revision history
Amendments
[52 FR 7082, Mar. 6, 1987, as amended at 66 FR 8694, Feb. 1, 2001; 70 FR 4995, Jan. 31, 2005]
Authority
Authority: 15 U.S.C. 18a(d).
Source
Source: 43 FR 33544, July 31, 1978, unless otherwise noted.
Amendments
[52 FR 7082, Mar. 6, 1987, as amended at 66 FR 8694, Feb. 1, 2001; 70 FR 4995, Jan. 31, 2005]