16 C.F.R. § 802.65

Current through October 31, 2024

Section 802.65 - Exempt acquisition of non-corporate interests in financing transactions

An acquisition of non-corporate interests that confers control of a new or existing unincorporated entity is exempt from the notification requirements of the Act if:

(a) The acquiring person is contributing only cash to the unincorporated entity;

(b) For the purpose of providing financing; and

(c) The terms of the financing agreement are such that the acquiring person will no longer control the entity after it realizes its preferred return.

16 C.F.R. §802.65

70 FR 11514 , Mar. 8, 2005