1. Regulations
  2. title 17
  3. chapter II-i1
  4. part 240
  5. subjgrp 108
  6. § 240.16b-5

View all text of Subjgrp 108 [§ 240.16b-1 - § 240.16b-8]

§ 240.16b-5 - Bona fide gifts and inheritance.

Both the acquisition and the disposition of equity securities shall be exempt from the operation of section 16(b) of the Act if they are: (a) Bona fide gifts; or (b) transfers of securities by will or the laws of descent and distribution.

AUTHORITY: 15 U.S.C. 77c, 77d, 77g, 77j, 77s, 77z-2, 77z-3, 77eee, 77ggg, 77nnn, 77sss, 77ttt, 78c, 78c-3, 78c-5, 78d, 78e, 78f, 78g, 78i, 78j, 78j-1, 78j-4, 78k, 78k-1, 78

CITE AS: 17 CFR 240.16b-5