Section 38 Rule 145

• Library: Bus Trans 2005

Rule 145, 17 C.F.R. § 230.145, is generally applicable to type A and type C reorganizations (mergers and consolidations and acquisitions of assets for stock, respectively). It gives the persons who are offered securities in exchange for their current securities or for their assets the protections provided by registration under the 1933 Act.

Rule 145 was designed to apply to reclassifications of securities, mergers or consolidations, or transfers of assets in consideration of a transfer of securities...