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


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.'s picture
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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)