SA Section 3(a)(10)Exemption: Court Approved Exchanges

Overview

SA Section 3(a)(10) generally provides an exemption from registration securities issued in exchange for outstanding securities, claims or property interests as long as the exchange has been approved in a fairness hearing by a court or certain governmental authority, other than in a case under U.S.C. Bankruptcy Code.

Steven.Lofchie@cwt.com's picture
Contributor Organization 
Contributor Title 
Partner
maurine.bartlett@cwt.com's picture
Contributor Organization 
Contributor Title 
Senior Counsel

Find

 
Find: 

Securities Act and Rules

  • SA Section 3 (Classes of securities under this subchapter)
  • SA Section 3(a)(10) (Securities exchanged with existing shareholders where no commission or other remuneration is paid for solicitation of such exchange)

Rulemakings