Sale
Sale or sell includes every contract to dispose of a security or interest in a security for value. An exchange of securities in a merger or acquisition approved by the Board is not a sale.
orsellincludes every contract to dispose of a security or interest in a security for value. An exchange of securities in a merger or acquisition approved by the Board is not a sale.
Source
12 CFR § 239.52
Scoping language
The following definitions apply to this subpart and the forms prescribed under this subpart: