voting securities

(A)The term “voting securities” means any securities which at present or upon conversion entitle the owner or holder thereof to vote for the election of directors of the issuer or, with respect to unincorporated issuers, persons exercising similar functions. (B)The amount or percentage of voting securities or assets of a person which are acquired or held by another person shall be determined by aggregating the amount or percentage of such voting securities or assets held or acquired by such other person and each affiliate thereof. (c)The following classes of transactions are exempt from the requirements of this section—


15 USC § 18a(b)(3)(A)

Scoping language

As used in this section
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