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Code · BILL · 116th Congress · S. 2155 (Introduced in Senate) — To require the Securities and Exchange Commission to issue rules requiring private funds to publicly disclose certain... · Sec. 103

Sec. 103. Indemnification void as against public policy

60 words·~1 min read·/bill/116/s/2155/is/section-103

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It shall be void as against public policy for a target firm, or an affiliate of a target firm, to indemnify a private fund that is a control person with respect to the target firm, or any affiliate of the target firm, with respect to the liabilities of the fund or the affiliate, as applicable, under sections 101 and 102.
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