Securities Lawyer's Deskbook
                         published by The University of Cincinnati College of Law 		UC Law logo

Legislative History

Search Page

Suggestions

Main Table of Contents

Home

The
Investment Company Act of 1940





Section 65 -- Preventing Compliance with Title; Liability of Controlling Persons


Notwithstanding the exemption set forth in section 6(f) [15 USCS § 80a-6(f)], section 48 [15 USCS § 80a-47] 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) [15 USCS§ 80a-47(a)] shall not be construed to require any company which is not an investment company within the meaning of section 3(a) [15 USCS § 80a-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.

Legislative History


Aug. 22, 1940, ch 686, Title I, § 65, as added Oct. 21, 1980, P.L. 96-477, Title I, § 105 in part, 94 Stat. 2289.

Notice to Users: The Deskbook is made available with the understanding that the University of Cincinnati College of Law is not engaged in rendering legal, accounting or other professional services. If legal advice or other expert assistance is required, the services of a competent professional person should be sought. See Terms and Conditions of Use.  UC Brand Ingot
© Copyright 1998-2011, University of Cincinnati, All Rights Reserved
 Contact: ronald.jones@uc.edu