04 NCAC 16G .0908. DEFINITIONS

(a)  For the purpose of this Section, the term "offer" includes every offer to buy or acquire, solicitation of an offer to sell, tender offer for, or request or invitation for tenders of, a security or interest in a security for value.

(b)  For the purpose of this Section, the term "person" means an individual, a group acting in concert, a corporation, a partnership, an association, a joint stock company, a trust, an unincorporated organization or similar company or a syndicate.

(c)  Without limitation on the generality of its meaning, the term "security" includes nontransferable subscription rights issued pursuant to a plan of conversion.

(d)  For purposes of this Section, the term "acquire" includes every type of acquisition, whether affected by purchase, exchange, operation of law, or otherwise.

 

History Note:        Authority G.S. 54C‑33; 54C‑53;

Eff. February 15, 1992.