§ 230.480. Title of securities.
201 words·~1 min read·
/us/cfr/t17/s§ 230.480·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a registration statement is prepared on a form available solely to investment companies registered under the Investment Company Act of 1940, or a business development company which is selling or proposing to sell its securities pursuant to a registration statement which has been filed under the Act, wherever the title of securities is required to be stated there shall be given such information as will indicate the type and general character of the securities, including the following:
(a)In the case of shares, the par or stated value, if any; the rate of dividends, if fixed, and whether cumulative or non-cumulative; a brief indication of the preference, if any; and, if convertible, a statement to that effect.
(b)In the case of funded debt, the rate of interest; the date of maturity, or, if the issue matures serially, a brief indication of the serial maturities, such as "maturing serially from 1950 to 1960"; if the payment of principal or interest is contingent, an appropriate indication of such contingency; a brief indication of the priority of the issue; and, if convertible, a statement to that effect.
(c)In the case of any other kind of security, appropriate information of comparable character.
Connections2 cite this
Cited by 2 sections
Citation graph
cites case law
§ 230.480
Title of securities.
Fed. Reg.×2
Cites 0Cited by 2 across 1 source