Rule 701

Rule 701
USA
A rule under the Securities Act that provides a holder of unregistered securities received pursuant to a written compensatory benefit plan may resell those securities in the public markets without registration under the Securities Act. In some cases, Rule 701 may allow resale before the date that would otherwise be allowed under Rule 144.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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