15-U.S.C.-80A-61
§80A-61 – §80A-61. Loans
Pathway
Title 15 > Chapter 2D > Subchapter I > Section 80a-61
Details
- Reference: Section 80a-61
- Legend: §80A-61 – §80A-61. Loans
- USCode Year: 2013
Provision Content
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.
(Aug. 22, 1940, ch. 686, title I, §62, as added Pub. L. 96–477, title I, §105, Oct. 21, 1980, 94 Stat. 2287.)
U.S. Encyclopedia of Law Coverage
15-U.S.C.-80A-57 in the Legal Encyclopedia: Trade Law
In this entry about 15-U.S.C.-80A-57, 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-51 in the Legal Encyclopedia: Investment
In this entry about 15-U.S.C.-80A-51, 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.
Leave a Reply