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Title 17 Part 240 → §240.15a-2

Title 17 → Chapter II → Part 240 → §240.15a-2

Electronic Code of Federal Regulations e-CFR

Title 17 Part 240 → §240.15a-2

e-CFR data is current as of August 22, 2019

Title 17Chapter IIPart 240 → §240.15a-2


Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934


§240.15a-2   Exemption of certain securities of cooperative apartment houses from section 15(a).

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]