15-U.S.C.-80A-21
§80A-21 – §80A-21. Loans By Management Companies
Pathway
Title 15 > Chapter 2D > Subchapter I > Section 80a-21
Details
- Reference: Section 80a-21
- Legend: §80A-21 – §80A-21. Loans By Management Companies
- USCode Year: 2013
Provision Content
It shall be unlawful for any registered management company to lend money or property to any person, directly or indirectly, if—
(a) the investment policies of such registered company, as recited in its registration statement and reports filed under this subchapter, do not permit such a loan; or
(b) such person controls or is under common control with such registered company; except that the provisions of this paragraph shall not apply to any loan from a registered company to a company which owns all of the outstanding securities of such registered company, except directors’ qualifying shares.
(Aug. 22, 1940, ch. 686, title I, §21, 54 Stat. 822; Pub. L. 100–181, title VI, §615, Dec. 4, 1987, 101 Stat. 1262.)
Amendments
1987—Subsec. (b). Pub. L. 100–181 struck out to the extension or renewal of any such loan made prior to March 15, 1940, or after shall not apply.
U.S. Encyclopedia of Law Coverage
15-U.S.C.-80A-12 in the Legal Encyclopedia: Trade Law
In this entry about 15-U.S.C.-80A-12, find legal reference material, bibliographies and premiere content related to trade law in the American Encyclopedia of Law, presenting a comprehensive view of the United States trade law-specific issues, written by authorities in the field.
15-U.S.C.-690Q in the Legal Encyclopedia: Investment
In this entry about 15-U.S.C.-690Q, find legal reference material, bibliographies and premiere content related to investment in the American Encyclopedia of Law, presenting a comprehensive view of the United States investment-specific issues, written by authorities in the field.
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