16 CFR 802.65 - Exempt acquisition of non-corporate interests in financing transactions.
An acquisition of non-corporate interests that confers control of a new or existing unincorporated entity is exempt from the notification requirements of the Act if:
(a) The acquiring person is contributing only cash to the unincorporated entity;
(b) For the purpose of providing financing; and
(c) The terms of the financing agreement are such that the acquiring person will no longer control the entity after it realizes its preferred return.