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Code · U.S. Code · Title 15 - COMMERCE AND TRADE · CHAPTER 2E— OMNIBUS SMALL BUSINESS CAPITAL FORMATION · SUBCHAPTER I— INVESTMENT COMPANIES · § 80a–21

§ 80a–21. Loans by management companies

155 words·~1 min read·/usc/title-15/section-80a-21

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It shall be unlawful for any registered management company to lend money or property to any person, directly or indirectly, if— the investment policies of such registered company, as recited in its registration statement and reports filed under this subchapter, do not permit such a loan; or such person controls or is under common control with such registered company; except that the provisions of this paragraph shall not apply to any loan from a registered company to a company which owns all of the outstanding securities of such registered company, except directors’ qualifying shares.
( Aug. 22, 1940, ch. 686 , title I, § 21, 54 Stat. 822 ; Pub. L. 100–181, title VI, § 615 , Dec. 4, 1987 , 101 Stat. 1262 .)
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  • 54 Stat. 822
  • Pub. L. 100-181
  • 101 Stat. 1262
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§ 80a–21
Loans by management companies
Stat.54 Stat. 822
Pub. L.Pub. L. 100-181
Stat.101 Stat. 1262
Cites 3Cited by 0 across 0 sources
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