Source: http://www4.law.cornell.edu/uscode/text/15/78c-2?quicktabs_8=0
Timestamp: 2013-12-11 07:35:39
Document Index: 380182450

Matched Legal Cases: ['§ 78', '§ 78', '§ 78', '§ 3', '§ 717', '§ 711']

15 USC § 78c–2 - Securities-related derivatives | Title 15 - Commerce and Trade | U.S. Code | LII / Legal Information Institute
USC › Title 15 › Chapter 2B-1 › § 78c–2	prevnext
15 USC § 78c–2 - Securities-related derivatives
Any agreement, contract, or transaction (or class thereof) that is exempted by the Commodity Futures Trading Commission pursuant to section 6
(c)(1) of title 7 with the condition that the Commission exercise concurrent jurisdiction over such agreement, contract, or transaction (or class thereof) shall be deemed a security for purposes of the securities laws.
With respect to any agreement, contract, or transaction (or class thereof) that is exempted by the Commodity Futures Trading Commission pursuant to section 6
(c)(1) of title 7 with the condition that the Commission exercise concurrent jurisdiction over such agreement, contract, or transaction (or class thereof), references in the securities laws to the “purchase” or “sale” of a security shall be deemed to include the execution, termination (prior to its scheduled maturity date), assignment, exchange, or similar transfer or conveyance of, or extinguishing of rights or obligations under such agreement, contract, or transaction, as the context may require.
(June 6, 1934, ch. 404, title I, § 3B, as added Pub. L. 111–203, title VII, § 717(b),July 21, 2010, 124 Stat. 1651.)
Section effective on the later of 360 days after July 21, 2010, or, to the extent a provision of subtitle A (§§ 711–754) of title VII of Pub. L. 111–203requires a rulemaking, not less than 60 days after publication of the final rule or regulation implementing such provision of subtitle A, see section 754 ofPub. L. 111–203, set out as an Effective Date of 2010 Amendment note under section 1a of Title 7, Agriculture.