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2026-07-06 10:51:44 -04:00

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LegalText 15 U.S.C. § 77rrr Effect of prescribed indenture provisions us united_states_code code_section 15 COMMERCE AND TRADE 2A SECURITIES AND TRUST INDENTURES 77rrr 15 U.S.C. § 77rrr 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/s77rrr data/legal/raw/us/code/title-15/usc15.xml 6e5ada1849bbe6d383332a7fa90f8cd6d91bec7925751c0979e04a602ad60123 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 ce771bc8945196af798b70a0016d6bb23c1fd92832790b332b7c87f4284eb8a3 2026-07-04 official
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15 U.S.C. § 77rrr - Effect of prescribed indenture provisions

Text

(a) Imposed duties to control If any provision of the indenture to be qualified limits, qualifies, or conflicts with the duties imposed by operation of subsection (c) of this section, the imposed duties shall control.

(b) Additional provisions The indenture to be qualified may contain, in addition to provisions specifically authorized under this subchapter to be included therein, any other provisions the inclusion of which is not in contravention of any provision of this subchapter.

(c) Provisions governing qualified indentures The provisions of sections 77jjj to and including 77qqq of this title that impose duties on any person (including provisions automatically deemed included in an indenture unless the indenture provides that such provisions are excluded) are a part of and govern every qualified indenture, whether or not physically contained therein, shall be deemed retroactively to govern each indenture heretofore qualified, and prospectively to govern each indenture hereafter qualified under this subchapter and shall be deemed retroactively to amend and supersede inconsistent provisions in each such indenture heretofore qualified. The foregoing provisions of this subsection shall not be deemed to effect the inclusion (by retroactive amendment or otherwise) in the text of any indenture heretofore qualified of any of the optional provisions contemplated by section 77jjj(b)(1), 77kkk(b), 77nnn(d), 77ooo(a), 77ooo(b), 77ooo(d), 77ooo(e), or 77ppp(a)(1) of this title.

(May 27, 1933, ch. 38, title III, § 318, as added Aug. 3, 1939, ch. 411, 53 Stat. 1173; amended Pub. L. 101550, title IV, § 417, Nov. 15, 1990, 104 Stat. 2731.)

Notes

Editorial Notes

Amendments1990—Subsec. (a). Pub. L. 101550, § 417(1), added subsec. (a) and struck out former subsec. (a) which read as follows: “The indenture to be qualified shall provide that if any provision thereof limits, qualifies, or conflicts with another provision which is required to be included in such indenture by any of sections 77jjj to 77qqq of this title, inclusive, such required provision shall control.” Subsec. (c). Pub. L. 101550, § 417(2), added subsec. (c).