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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 09:52:37 -04:00

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LegalText 7 U.S.C. § 2009cc12 Injunctions and other orders us united_states_code code_section 7 AGRICULTURE 50 AGRICULTURAL CREDIT 2009cc12 7 U.S.C. § 2009cc12 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc07@119-100.zip /us/usc/t7/s2009cc12 data/legal/raw/us/code/title-07/usc07.xml e5e367355951896fcd0605198cedfd9e4c1fff3b4a20d30f930f6f455403b386 50edab1679a711653797362c0aeb8f2273303fe473fb7fa16df1ee76bdd6e984 9c24ee9b2a176295ed3ae4aa2cb6013785681e9c6f0730bd93166b3d20462689 2026-07-04 official
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7 U.S.C. § 2009cc12 - Injunctions and other orders

Text

(a) In general (1) Application by Secretary Whenever, in the judgment of the Secretary, a rural business investment company or any other person has engaged or is about to engage in any act or practice that constitutes or will constitute a violation of a provision of this subchapter (including any rule, regulation, order, or participation agreement under this subchapter), the Secretary may apply to the appropriate district court of the United States for an order enjoining the act or practice, or for an order enforcing compliance with the provision, rule, regulation, order, or participation agreement.

(2) Jurisdiction; relief The court shall have jurisdiction over the action and, on a showing by the Secretary that the rural business investment company or other person has engaged or is about to engage in an act or practice described in paragraph (1), a permanent or temporary injunction, restraining order, or other order, shall be granted without bond.

(b) Jurisdiction (1) In general In any proceeding under subsection (a), the court as a court of equity may, to such extent as the court considers necessary, take exclusive jurisdiction over the rural business investment company and the assets of the rural business investment company, wherever located.

(2) Trustee or receiver The court shall have jurisdiction in any proceeding described in paragraph (1) to appoint a trustee or receiver to hold or administer the assets.

(c) Secretary as trustee or receiver (1) Authority The Secretary may act as trustee or receiver of a rural business investment company.

(2) Appointment On the request of the Secretary, the court shall appoint the Secretary to act as a trustee or receiver of a rural business investment company unless the court considers the appointment inequitable or otherwise inappropriate by reason of any special circumstances involved.

(Pub. L. 87128, title III, § 384M, as added Pub. L. 107171, title VI, § 6029, May 13, 2002, 116 Stat. 399.)