15-U.S.C.-80A-4
§80A-4 – §80A-4. Classification of Investment Companies
Pathway
Title 15 > Chapter 2D > Subchapter I > Section 80a-4
Details
- Reference: Section 80a-4
- Legend: §80A-4 – §80A-4. Classification of Investment Companies
- USCode Year: 2013
Provision Content
For the purposes of this subchapter, investment companies are divided into three principal classes, defined as follows:
(1) Face-amount certificate company means an investment company which is engaged or proposes to engage in the business of issuing face-amount certificates of the installment type, or which has been engaged in such business and has any such certificate outstanding.
(2) Unit investment trust means an investment company which (A) is organized under a trust indenture, contract of custodianship or agency, or similar instrument, (B) does not have a board of directors, and (C) issues only redeemable securities, each of which represents an undivided interest in a unit of specified securities; but does not include a voting trust.
(3) Management company means any investment company other than a face-amount certificate company or a unit investment trust.
(Aug. 22, 1940, ch. 686, title I, §4, 54 Stat. 799.)
Transfer of Functions
For transfer of functions of Securities and Exchange Commission, with certain exceptions, to Chairman of such Commission, see Reorg. Plan No. 10 of 1950, §§1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title.
U.S. Encyclopedia of Law Coverage
15-U.S.C.-80A-35 in the Legal Encyclopedia: Trade Law
In this entry about 15-U.S.C.-80A-35, 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.-80A-3 in the Legal Encyclopedia: Investment
In this entry about 15-U.S.C.-80A-3, 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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