N.J. Admin. Code § 11:2-9.10 - Exemption from N.J.S.A 17:17B-1; small transactions

(a) Any acquisition of securities shall be exempt from 17:17B-1 where:
1. The person effecting the acquisition does not within six months thereafter effect any disposition, other than by way of gift, of securities of the same class; and
2. The person effecting such acquisition 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 acquisition occurs.
(b) Any acquisition or disposition of securities by way of gift, where the total amount of such gifts does not exceed $ 3,000 in market value for any six-month period, shall be exempt from 17:17B-1 and may be excluded from the computations prescribed in (a)2 above.
(c) Any person exempt by (a) or (b) above shall include in the first report filed by him or her after a transaction within the exemption a statement showing his or her acquisitions and dispositions for each six-month period or portion thereof which has elapsed since his last filing.


N.J. Admin. Code § 11:2-9.10
Amended by R.1996 d.3, effective 1/2/1996.
See: 27 New Jersey Register 3278(b), 28 New Jersey Register 152(b).

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