0501003 Informal Interpretation

us-ftc-hsr-informal-interpretations-5bde04a27e6c203ddbf391f23f57aa090501003 Informal InterpretationGuidance

Ouvrir la source

Date

January 11, 2005

Rule

15USC18a(c)(2) 7A(c)(2)

Staff

Michael Verne

Response/Comments

Advised that a Maryland Business Trust is a non-corporate entity. The acquisition of its assets is exempt under 7A(c)(2)

Original Image File (57.15 KB)

Question

From: (redacted)
Sent: Tuesday, January 11, 2005 4:54 PM
To: Verne, B. Michael
Subject: HSR question

Michael: Would the acquisition of a REIT (by a buyer that isn't a REIT) beexempt if the target REIT's only business is investment in "first-lien,fixed-rate mortgages secured by single-family residential property"? Is aREIT (it happens in this case to be a Marylandtrust) viewed as a corporation and thus subject to rule 802.4? Or is it anon-corporate entity whose acquisition would be viewed for HSR purposes as the acquisition of all of its assets?

Poursuivez vos recherches dans ChatGPT ou Claude

Connectez Omnilex pour rechercher dans le corpus juridique depuis votre assistant IA.