17 C.F.R. § 240.14a-15 Differential and contingent compensation in connection with roll-up transactions.
Title 17 - Commodity and Securities Exchanges
(a) It shall be unlawful for any person to receive compensation for soliciting proxies, consents, or authorizations directly from security holders in connection with a roll-up transaction as provided in paragraph (b) of this section, if the compensation is: (1) Based on whether the solicited proxy, consent, or authorization either approves or disapproves the proposed roll-up transaction; or (2) Contingent on the approval, disapproval, or completion of the roll-up transaction. (b) This section is applicable to a roll-up transaction as defined in Item 901(c) of Regulation S-K (§229.901(c) of this chapter), except for a transaction involving only: (1) Finite-life entities that are not limited partnerships; (2) Partnerships whose investors will receive new securities or securities in another entity that are not reported under a transaction reporting plan declared effective before December 17, 1993 by the Commission under section 11A of the Act (15 U.S.C. 78k–1); or (3) Partnerships whose investors' securities are reported under a transaction reporting plan declared effective before December 17, 1993 by the Commission under section 11A of the Act (15 U.S.C. 78k–1). [59 FR 63684, Dec. 8, 1994]
Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934
§ 240.14a-15 Differential and contingent compensation in connection with roll-up transactions.
