Control Securities | Practical Law
Control Securities
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Control Securities
Practical Law Glossary Item 5-383-2172
(Approx. 2 pages)
Glossary
Control Securities
Securities held by an
affiliate
of the issuer, regardless of how the affiliate acquired the securities. Control securities may be resold either in a transaction:
Registered under the
Securities Act
.
Exempt from the registration requirements of the Securities Act.
For more information on resales of control securities, see
Practice Notes, Resales Under Rule 144
,
Regulation S Transactions
, and
Resales Under Rule 144A and Section "4(1½)"
.