1. LawStack
  2. Title 17 - Commodity and Securities Exchange
  3. Chapter II - SECURITIES AND EXCHANGE COMMISSION
  4. Part 240 - GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934
  5. Subpart A - Rules and Regulations Under the Securities Exchange Act of 1934
  6. Topic - Exemption of Certain Transactions From Section 16(b)
  7. 17 CFR § 240.16b-5
17 CFR § 240.16b-5
Bona fide gifts and inheritance
April 15, 2021
CFR

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.

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§ 240.16b-4 [Reserved]
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§ 240.16b-6 Derivative securities

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