Sale

Sale or sell includes every contract to dispose of a security or interest in a security for value. An exchange of securities in a merger or acquisition approved by the Board is not a sale.
orsellincludes every contract to dispose of a security or interest in a security for value. An exchange of securities in a merger or acquisition approved by the Board is not a sale.

Source

12 CFR § 239.52

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Scoping language

The following definitions apply to this subpart and the forms prescribed under this subpart:

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