215.45 Sale and exchange of securities.
92 words·~1 min read·
/fl/title-xiv/chapter-215/215-45A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Securities or investments purchased or held under the provisions of this chapter may be sold or exchanged for other securities or investments; provided, however, that no sale or exchange shall be at a price less than the market price of the securities or investments to be sold or exchanged unless such sale or exchange is pursuant to a call option having a strike price more than the price of the securities on the date the option was written or unless such sale or exchange has received the unanimous approval of the board.