0111004 Informal Interpretation
… ("Client), a United States corporation, wishes to invest cash with another investor, a foreign corporation … less than $10 million. 3. Client and Investor will invest cash to form a holding company ("Holding) and an operating … have no assets located in the United States (other than cash or other investment assets). Having just been formed, …
Date
Rule
802.50 802.51
Agree. Called writer on 11/14/2001. AV. These transactions are exempt. The acquisitions by U.S. corp. and foreign corp. are exempt under 802.50(c), and 802.51(b) respectively. MEG concurs.
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