17 C.F.R. § 240.16b-5

Current through March 31, 2024

Section 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.

17 C.F.R. §240.16b-5