Code of Federal Regulations · Section
§ 230.149 — Definition Of “exchanged” In Section 3(a)(9), For Certain Transactions
17 C.F.R. § 230.149
The term exchanged in section 3(a)(9) (sec. 202(c), 48 Stat. 906; 15 U.S.C. 77c(9)) shall be deemed to include the issuance of a security in consideration of the surrender, by the existing security holders of the issuer, of outstanding securities of the issuer, notwithstanding the fact that the surrender of the outstanding securities may be required by the terms of the plans of exchange to be accompanied by such payment in cash by the security holder as may be necessary to effect an equitable adjustment, in respect of dividends or interest paid or payable on the securities involved in the exchange, as between such security holder and other security holders of the same class accepting the offer of exchange.
Authorizing Statute
-
Classes of securities under this subchapter15 U.S.C. § 77c
-
Prohibitions relating to interstate commerce and the mails15 U.S.C. § 77e
-
Registration of securities15 U.S.C. § 77f
-
Special powers of Commission15 U.S.C. § 77s