[Code of Federal Regulations]

[Title 31, Volume 3]

[Revised as of July 1, 2005]

From the U.S. Government Printing Office via GPO Access

[CITE: 31CFR800.219]



[Page 934-935]

 

                  TITLE 31--MONEY AND FINANCE: TREASURY

 

  CHAPTER VIII--OFFICE OF INTERNATIONAL INVESTMENT, DEPARTMENT OF THE 

                                TREASURY

 

PART 800_REGULATIONS PERTAINING TO MERGERS, ACQUISITIONS, AND TAKEOVERS 

BY FOREIGN PERSONS--Table of Contents

 

                          Subpart B_Definitions

 

Sec. 800.219  Solely for the purpose of investment.



    (a) Voting securities are held or acquired ``solely for the purpose 

of investment'' if the person holding or acquiring such voting 

securities has no intention of determining or directing the basic 

business decisions of the issuer, including those at Sec. 800.204(a) 

(1) through (5).

    (b) Voting securities are not held solely for the purpose of 

investment if the person holding or acquiring such voting securities:



[[Page 935]]



    (1) Possesses or develops any purpose other than investment, or

    (2) Takes any action inconsistent with acquiring or holding such 

securities solely for the purpose of investment.



[56 FR 58780, Nov. 21, 1991. Redesignated at 59 FR 27179, May 25, 1994]