Legal corpus: the complete U.S. Code (59,740 sections, all 53 titles)

Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code
now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 ->
59,740; repo total 105,704 records. Deterministic (byte-identical rerun,
verified on Title 42's 8,356 sections); make check green. make
legal-us-code default now covers every title.

Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
This commit is contained in:
Fabio
2026-07-06 10:51:44 -04:00
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---
type: "LegalText"
title: "15 U.S.C. § 80a61"
description: "Loans"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 15
title_name: "COMMERCE AND TRADE"
chapter_number: "2D"
chapter_name: "INVESTMENT COMPANIES AND ADVISERS"
section: "80a61"
citation: "15 U.S.C. § 80a61"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip"
source_identifier: "/us/usc/t15/s80a61"
source_file: "data/legal/raw/us/code/title-15/usc15.xml"
source_hash: "ef9712de7c8299b239a245647b13f4248b4a7aa07912a2687604ac36f720a436"
raw_snapshot_hash: "6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059"
text_hash: "4c7a577b75302a13d8eda9de7805e6969e753c06933e7c873499bd89cc9d8775"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---
# 15 U.S.C. § 80a61 - Loans
## Text
Notwithstanding the exemption set forth in section 80a6(f) of this title, section 80a21 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 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 80a56(j) of this title; 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.
(Aug. 22, 1940, ch. 686, title I, § 62, as added Pub. L. 96477, title I, § 105, Oct. 21, 1980, 94 Stat. 2287.)