Sec. 62. loans
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/statute-compilations/comps-1879/sec-62A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## Sec. 62 loans **[**80a–61**]** Notwithstanding the exemption set forth in section 6(f), section 21 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 57(j); 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.