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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 689l Injunctions and other orders us united_states_code code_section 15 COMMERCE AND TRADE 14B SMALL BUSINESS INVESTMENT PROGRAM 689l 15 U.S.C. § 689l current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip /us/usc/t15/s689l data/legal/raw/us/code/title-15/usc15.xml e55c9456f54a0fc9013f95ab06893781a72b0711565e53fe40aa12d475ad835c 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 e067213d4dea8ef5cc843e9ba1f0dc717c160b5d0173d3783eb0dd9c62037162 2026-07-04 official
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15 U.S.C. § 689l - Injunctions and other orders

Text

(a) In general Whenever, in the judgment of the Administrator, a New Markets Venture Capital company or any other person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this chapter, or of any rule or regulation under this chapter, or of any order issued under this chapter, the Administrator may make application to the proper district court of the United States or a United States court of any place subject to the jurisdiction of the United States for an order enjoining such acts or practices, or for an order enforcing compliance with such provision, rule, regulation, or order, and such courts shall have jurisdiction of such actions and, upon a showing by the Administrator that such New Markets Venture Capital company or other person has engaged or is about to engage in any such acts or practices, a permanent or temporary injunction, restraining order, or other order, shall be granted without bond.

(b) Jurisdiction In any proceeding under subsection (a), the court as a court of equity may, to such extent as it deems necessary, take exclusive jurisdiction of the New Market Venture Capital company and the assets thereof, wherever located, and the court shall have jurisdiction in any such proceeding to appoint a trustee or receiver to hold or administer under the direction of the court the assets so possessed.

(c) Administrator as trustee or receiver (1) Authority The Administrator may act as trustee or receiver of a New Markets Venture Capital company.

(2) Appointment Upon request of the Administrator, the court may appoint the Administrator to act as a trustee or receiver of a New Markets Venture Capital company unless the court deems such appointment inequitable or otherwise inappropriate by reason of the special circumstances involved.

(Pub. L. 85699, title III, § 363, as added Pub. L. 106554, § 1(a)(8) [§ 1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A662.)

Notes

Editorial Notes

References in TextFor definition of “this chapter”, referred to in subsec. (a), see References in Text note set out under section 661 of this title.