---
kind: "section"
citation: "16 C.F.R. § 802.35"
title: "16"
number: "802.35"
heading: "Acquisitions by employee trusts."
url: "https://uscodex.org/cfr/16/802.35"
---

# §802.35. Acquisitions by employee trusts.


An acquisition of voting securities shall be exempt from the notification requirements of the act if:

- (a) The securities are acquired by a trust that meets the qualifications of section 401 of the Internal Revenue Code;
- (b) The trust is controlled by a person that employs the beneficiaries and,
- (c) **The voting securities acquired are those of that person or an entity within that person.**

## Notes

### 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]