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§ 802.65 - Exempt acquisition of non-corporate interests in financing transactions.

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An acquisition of non-corporate interests that confers control of a new or existing unincorporated entity is exempt from the notification requirements of the Act if:

The acquiring person is contributing only cash to the unincorporated entity;

For the purpose of providing financing; and

The terms of the financing agreement are such that the acquiring person will no longer control the entity after it realizes its preferred return.

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§ 802.65 - Exempt acquisition of non-corporate interests in financing transactions.