StacksVerified U.S. regulatory reference

16 CFR §802.35

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
An acquisition of voting securities shall be exempt from the notification requirements of the act if:
  1. (a)The securities are acquired by a trust that meets the qualifications of section 401 of the Internal Revenue Code;
  2. (b)The trust is controlled by a person that employs the beneficiaries and,
  3. (c)The voting securities acquired are those of that person or an entity within that person.