31 Pa. Code § 23.2 - Definition of "solicit" and "solicitation"
(a) When used in this chapter, the terms
"solicit" and "solicitation" includes the following meanings, unless the
context clearly indicates otherwise:
(1) Any
request for a proxy, whether or not accompanied by or included in a form of
proxy.
(2) Any request to execute
or not to execute, or to revoke, a proxy.
(3) The furnishing of a form of proxy or any
other communication to security holders under circumstances reasonably
calculated to result in the procurement, withholding, or revocation of a
proxy.
(b) When used in
this chapter, the terms "solicit" and "solicitation" do not include any of the
following:
(1) Any solicitation by a person
with respect to securities of which he is the beneficial owner.
(2) Actions by a broker or by any other
person with respect to securities carried in his name or in the name of his
nominee, which involve forwarding solicitive material from the insurer to the
beneficial owner.
(3) Impartial
instructions from the broker or any other person to the beneficial owner to
forward proxies to any persons to whom the owner might desire to give
proxies.
(4) Impartial requests
from the broker or any other person regarding instructions from the beneficial
owner as to the authority to be conferred by the proxy, and which state that a
proxy will be given if the instructions are received by a certain
date.
(5) Furnishing forms of proxy
to a security holder in response to an unsolicited request by the security
holder, or the performance by any person of ministerial acts on behalf of a
person soliciting a proxy.
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