[Code of Federal Regulations]
[Title 31, Volume 3]
[Revised as of July 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR800.219]

[Page 700-701]
 
                  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 
 
                          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 701]]

    (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]