specialized small business investment company

(7) Specialized small business investment company The term “specialized small business investment company” means any small business investment company that— (A) invests solely in small business concerns that contribute to a well-balanced national economy by facilitating ownership in such concerns by persons whose participation in the free enterprise system is hampered because of social or economic disadvantages; (B) is organized or chartered under State business or nonprofit corporations statutes, or formed as a limited partnership; and (C) was licensed under section 681(d) of this title , as in effect before September 30, 1996 .


15 USC § 689(7)

Scoping language

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