### Question
What is the definition of sale date?


### Answer
The definition of **sale date** is as follows in *45 U.S.C. § 1303*:

> the date on which the initial public offering is closed

#### Citation:
  - *45 U.S.C. § 1303*
  - Heading: **CHAPTER 22-CONRAIL PRIVATIZATION > SUBCHAPTER I-GENERAL PROVISIONS**

