Kan. Admin. Regs. § 40-13-11 - Exemption for small transactions
(a) An acquisition
of a security or securities shall be exempt from
K.S.A. 40-264 where:
(1) The person acquiring the security or
securities does not dispose of them within six months therefore, except by a
gift of securities of the same class; and
(2) the person acquiring the security or
securities does not participate in acquisitions or in dispositions of
securities of the same class having a total market value in excess of $3,000
for any six month period during which the acquisitions occur.
(b) Each acquisition or
disposition of securities by gift, where the total amount of the gifts does not
exceed $3,000 in market value for any six month period, shall be exempt from
K.S.A. 40-264 and may be excluded from the
computations prescribed in paragraph (a)(2).
(c) Each person exempted by section (a) or
(b) of this regulation shall include in the first report filed after a
transaction within the exemption, a statement showing the acquisitions and
dispositions for each six month period and portion thereof, which has elapsed
since the last filing.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.