Source: https://www.govregs.com/uscode/15/78p
Timestamp: 2020-03-29 09:40:37
Document Index: 272433976

Matched Legal Cases: ['§\u202f78', '§\u202f16', '§\u202f8', '§\u202f1', '§\u202f208', '§\u202f303', '§\u202f403', '§\u202f762', '§\u202f929']

15 USC 78p - Directors, officers, and principal stockholders
§ 78p.
The statements required by this subsection shall be filed—
at the time of the registration of such security on a national securities exchange or by the effective date of a registration statement filed pursuant to section 78l(g) of this title;
A statement filed—
Beginning not later than 1 year after July 30, 2002—
It shall be unlawful for any such beneficial owner, director, or officer, directly or indirectly, to sell any equity security of such issuer (other than an exempted security), if the person selling the security or his principal (1) does not own the security sold, or (2) if owning the security, does not deliver it against such sale within twenty days thereafter, or does not within five days after such sale deposit it in the mails or other usual channels of transportation; but no person shall be deemed to have violated this subsection if he proves that notwithstanding the exercise of good faith he was unable to make such delivery or deposit within such time, or that to do so would cause undue inconven­ience or expense.
(June 6, 1934, ch. 404, title I, § 16, 48 Stat. 896; Pub. L. 88–467, § 8, Aug. 20, 1964, 78 Stat. 579; Pub. L. 106–554, § 1(a)(5) [title II, § 208(b)(3), title III, § 303(g), (h)], Dec. 21, 2000, 114 Stat. 2763, 2763A–435, 2763A–455, 2763A–456; Pub. L. 107–204, title IV, § 403(a), July 30, 2002, 116 Stat. 788; Pub. L. 111–203, title VII, § 762(d)(5), title IX, § 929R(b), July 21, 2010, 124 Stat. 1761, 1867.)
cite as: 15 USC 78p