business combination related shell company
Defined in 1 place of the United States Code.
Business combination related shell company.—The term "business combination related shell company" means a shell company that is formed by an entity that is not a shell company—
(I) solely for the purpose of changing the corporate domicile of that entity solely within the United States; or
(II) solely for the purpose of completing a business combination transaction (as defined under section 230.165(f) of title 17, Code of Federal Regulations) among one or more entities other than the company itself, none of which is a shell company.
Source
- 2022–202315 U.S.C. § 78OCommerce and Trade · Registration and regulation of brokers and dealers · under this section
The term “business combination related shell company” means a shell company that is formed by an entity that is not a shell company—
(I) solely for the purpose of changing the corporate domicile of that entity solely within the United States; or
(II) solely for the purpose of completing a business combination transaction (as defined under section 230.165(f) of title 17, Code of Federal Regulations) among one or more entities other than the company itself, none of which is a shell company.
Source
- 2023–present15 U.S.C. § 78OCommerce and Trade · Registration and regulation of brokers and dealers · under this section