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Self-Dealing: Private Foundation Securities Transactions Acquired before May 27, 1969
Any transaction between a private foundation and a corporation that is a disqualified person will not be an act of self-dealing if:
- The transaction is under the terms of securities of the corporation;
- The terms existed when the foundation acquired the securities; and
- The foundation acquired the securities before May 27, 1969.
Page Last Reviewed or Updated: 13-Oct-2016