§ 240.15a-2. Exemption of certain securities of cooperative apartment houses from section 15(a).
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/us/cfr/t17/s§ 240.15a-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Shares of a corporation which represent ownership, or entitle the holders thereof to possession and occupancy, of specific apartment units in property owned by such corporations and organized and operated on a cooperative basis are hereby exempted from the operation of section 15(a) of the Securities Exchange Act of 1934, when such shares are sold by or through a real estate broker licensed under the laws of the political subdivision in which the property is located. (Secs. 3, 48 Stat. 882, as amended, 895, as amended; 15 U.S.C. 78c, 78o) \[13 FR 8204, Dec. 22, 1948\]
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§ 240.15a-2
Exemption of certain securities of cooperative apartment houses from section 15(a).
Stat.48 Stat. 882
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