§ 80a–59. Functions and activities of business development companies
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/usc/title-15/section-80a-59A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Notwithstanding the exemption set forth in section 80a–6(f) of this title , section 80a–12 of this title shall apply to a business development company to the same extent as if it were a registered closed-end investment company, except that the Commission shall not prescribe any rule, regulation, or order pursuant to section 80a–12(a)(1) of this title governing the circumstances in which a business development company may borrow from a bank in order to purchase any security. ( Aug. 22, 1940, ch. 686 , title I, § 60, as added Pub. L. 96–477, title I, § 105 , Oct. 21, 1980 , 94 Stat. 2285 .)
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- Pub. L. 96-477
- 94 Stat. 2285
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§ 80a–59
Functions and activities of business development companies
Fed. Reg.×4
Pub. L.Pub. L. 96-477
Stat.94 Stat. 2285
Cites 2Cited by 4 across 1 source