Business development company

(22)“Business development company” means any company which is a business development company as defined inand which complies with, except that— (A)the 70 per centum of the value of the total assets condition referred to inshall be 60 per centum for purposes of determining compliance therewith; (B)such company need not be a closed-end company and need not elect to be subject to the provisions of sections 80a–54 through 80a–64 of this title; and (C)the securities which may be purchased pursuant tosection 80a–54(a) of this titlemay be purchased from any person.

Source

15 USC § 80b-2(a)(22)


Scoping language

When used in this subchapter
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