Sec. 107. OPT-IN RIGHT FOR EMERGING GROWTH COMPANIES
267 words·~1 min read·
/statute-compilations/comps-10481/sec-107A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 107 OPT-IN RIGHT FOR EMERGING GROWTH COMPANIES **[**[15 U.S.C. 78c note](/us/usc/t15/s78c)**]** ###
(a)In General With respect to an exemption provided to emerging growth companies under this title, or an amendment made by this title, an emerging growth company may choose to forgo such exemption and instead comply with the requirements that apply to an issuer that is not an emerging growth company. ###
(b)Special Rule Notwithstanding subsection (a), with respect to the extension of time to comply with new or revised financial accounting standards provided under section 7(a)(2)(B) of the Securities Act of 1933 and section 13(a) of the Securities Exchange Act of 1934, as added by section 102(b), if an emerging growth company chooses to comply with such standards to the same extent that a non-emerging growth company is required to comply with such standards, the emerging growth company— ####
(1)must make such choice at the time the company is first required to file a registration statement, periodic report, or other report with the Commission under section 13 of the Securities Exchange Act of 1934 and notify the Securities and Exchange Commission of such choice; ####
(2)may not select some standards to comply with in such manner and not others, but must comply with all such standards to the same extent that a non-emerging growth company is required to comply with such standards; and ####
(3)must continue to comply with such standards to the same extent that a non-emerging growth company is required to comply with such standards for as long as the company remains an emerging growth company.
Connectionstraces to 1
Traces to 1 document
U.S. Code
Citation graph
cites case law
Sec. 107
OPT-IN RIGHT FOR EMERGING GROWTH COMPANIES
Cites 1Cited by 0 across 0 sources