17 C.F.R. § 240.16b-5 Bona fide gifts and inheritance.
Title 17 - Commodity and Securities Exchanges
Both the acquisition and the disposition of equity securities shall be exempt from the operation of section 16(b) of the Act if they are: (a) Bona fide gifts; or (b) transfers of securities by will or the laws of descent and distribution.
Title 17: Commodity and Securities Exchanges
PART 240—GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 1934
Exemption of Certain Transactions From Section 16(b)
§ 240.16b-5 Bona fide gifts and inheritance.
