FEDERAL · 15 U.S.C. · Chapter 2D
Loans
15 U.S.C. § 80a–61
Title15 — Commerce and Trade
Chapter2D — INVESTMENT COMPANIES AND ADVISERS
SubchapterI
Current throughPub. L. 119-99
This text of 15 U.S.C. § 80a–61 (Loans) is published on Counsel Stack Legal Research, covering United States primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
15 U.S.C. § 80a–61.
Text
Notwithstanding the exemption set forth in section 80a–6(f) of this title, section 80a–21 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 nothing in that section shall be deemed to prohibit—
(1)any loan to a director, officer, or employee of, or general partner in, a business development company for the purpose of purchasing securities of such company as part of an executive compensation plan, if such loan meets the requirements of section 80a–56(j) of this title; or
(2)any loan to a company controlled by a business development company, which companies could be deemed to be under common control solely because a third person controls such business development company.
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Related
§ 80a
15 U.S.C. § 80a
Source Credit
History
(Aug. 22, 1940, ch. 686, title I, §62, as added Pub. L. 96–477, title I, §105, Oct. 21, 1980, 94 Stat. 2287.)
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Bluebook (online)
15 U.S.C. § 80a–61, Counsel Stack Legal Research, https://law.counselstack.com/usc/15/80a–61.