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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. § 80a59 Functions and activities of business development companies us united_states_code code_section 15 COMMERCE AND TRADE 2D INVESTMENT COMPANIES AND ADVISERS 80a59 15 U.S.C. § 80a59 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/s80a59 data/legal/raw/us/code/title-15/usc15.xml 23fe1f5baeec86bd390df66f3cd232b4e8733b00fbb58e42c1d53fc7b403d7ef 6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059 6d76ebcc7444d82d9c9f52ba324ecd313c94ec45fdfe018db78679b80fa76e82 2026-07-04 official
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15 U.S.C. § 80a59 - Functions and activities of business development companies

Text

Notwithstanding the exemption set forth in section 80a6(f) of this title, section 80a12 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 80a12(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. 96477, title I, § 105, Oct. 21, 1980, 94 Stat. 2285.)