Section 651.40 Acquisition of Control – Form of Statement Filing

Section 851

Section 651.40  Acquisition

of Control – Form of Statement Filing

a)         A person required to file a statement pursuant to Sections

131.4, 131.5 and 131.6 of the Code shall furnish the required information in

the format designated on Form A, as specified in the instructions of that form,

which is in Illustration A.

b)         Acquiring parties, otherwise subject to the requirements of

Section 651.40, who seek exemption pursuant to the provisions of Code Section

131.4 or 131.10 shall submit to the Director a typewritten, sworn statement

setting forth the particulars of the acquiring party or the transaction that

the acquiring party believes meet the criteria for an exemption under Code

Section 131.4 or 131.10. If, upon examination of the information submitted by

the acquiring party, the Director determines that the statutory criteria of

Section  131.4 or 131.10, as appropriate, have been met, then the Director

shall enter an Order on the exemption request within 30 days after receipt of

the request.