15 USC § 80a–59 - Functions and activities of business development companies | Title 15 - Commerce and Trade | U.S. Code

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Current through Pub. L. 113-9. (See Public Laws for the current Congress.)

Notwithstanding the exemption set forth in section 80a–6 (f) of this title, section 80a–12 of this title shall apply to a business development company to the same extent as if it were a registered closed-end investment company, except that the Commission shall not prescribe any rule, regulation, or order pursuant to section 80a–12 (a)(1) of this title governing the circumstances in which a business development company may borrow from a bank in order to purchase any security.

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Notwithstanding the exemption set forth in section 80a–6 (f) of this title, section 80a–12 of this title shall apply to a business development company to the same extent as if it were a registered closed-end investment company, except that the Commission shall not prescribe any rule, regulation, or order pursuant to section 80a–12 (a)(1) of this title governing the circumstances in which a business development company may borrow from a bank in order to purchase any security.

Source

(Aug. 22, 1940, ch. 686, title I, § 60, as added Pub. L. 96–477, title I, § 105,Oct. 21, 1980, 94 Stat. 2285.)

The table below lists the classification updates, since Jan. 3, 2012, for this section. Updates to a broader range of sections may be found at the update page for containing chapter, title, etc.

The most recent Classification Table update that we have noticed was Wednesday, May 29, 2013

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"nt ed change" and "ed change" - See the Editorial Classification Change Table [pdf].

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15 USC	Description of Change	Session Year	Public Law	Statutes at Large

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

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17 CFR - Title 17—Commodity and Securities Exchanges

17 CFR Part 270 - RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940

15 USC § 80a–59 - Functions and activities of business development companies

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