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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>
1.6 KiB
1.6 KiB
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| LegalText | 15 U.S.C. § 80a–59 | Functions and activities of business development companies | us | united_states_code | code_section | 15 | COMMERCE AND TRADE | 2D | INVESTMENT COMPANIES AND ADVISERS | 80a–59 | 15 U.S.C. § 80a–59 | 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/s80a–59 | data/legal/raw/us/code/title-15/usc15.xml | 23fe1f5baeec86bd390df66f3cd232b4e8733b00fbb58e42c1d53fc7b403d7ef | 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 | 6d76ebcc7444d82d9c9f52ba324ecd313c94ec45fdfe018db78679b80fa76e82 | 2026-07-04 | official |
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15 U.S.C. § 80a–59 - Functions and activities of business development companies
Text
Notwithstanding the exemption set forth in section 80a–6(f) of this title, section 80a–12 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 the Commission shall not prescribe any rule, regulation, or order pursuant to section 80a–12(a)(1) of this title governing the circumstances in which a business development company may borrow from a bank in order to purchase any security.
(Aug. 22, 1940, ch. 686, title I, § 60, as added Pub. L. 96–477, title I, § 105, Oct. 21, 1980, 94 Stat. 2285.)