Code · STATUTE-COMPILATIONS · provide for the registration and regulation of investment companies and investment advisers, and for other purposes · Sec. 65

Sec. 65. liability of controlling persons; preventing compliance with title

104 words·~1 min read·/statute-compilations/comps-1879/sec-65

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

## Sec. 65 liability of controlling persons; preventing compliance with title **[**80a–64**]** Notwithstanding the exemption set forth in section 6(f), section 48 shall apply to a business development company to the same extent as if it were a registered closed-end investment company, except that the provisions of section 48(a) shall not be construed to require any company which is not an investment company within the meaning of section 3(a) to comply with the provisions of this title which are applicable to a business development company solely because such company is a wholly-owned subsidiary of, or directly or indirectly controlled by, a business development company.