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12/13 Agree MV agrees

12/11 Agree. MV concurs.

Agree this is non-reportable. A technical reading of FI 15 indicates that this should be treated as a formation transaction

The writer indicated that the land was being ??? for sale to third parties. This activity falls within NAICS section 11, therefore the 802.2(g) exemption available. (NOTE: PNO policy 6/2003 Timberland...

Agree