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15 U.S.C. § 80a-61 - U.S. Code - Unannotated Title 15. Commerce and Trade § 80a-61. Loans

Current as of January 01, 2024 | Updated by Findlaw Staff

Notwithstanding the exemption set forth in section 80a-6(f) of this title, section 80a-21 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 nothing in that section shall be deemed to prohibit--

(1) any loan to a director, officer, or employee of, or general partner in, a business development company for the purpose of purchasing securities of such company as part of an executive compensation plan, if such loan meets the requirements of section 80a-56(j) of this title; or

(2) any loan to a company controlled by a business development company, which companies could be deemed to be under common control solely because a third person controls such business development company.

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Cite this article: FindLaw.com - 15 U.S.C. § 80a-61 - U.S. Code - Unannotated Title 15. Commerce and Trade § 80a-61. Loans - last updated January 01, 2024 | https://codes.findlaw.com/us/title-15-commerce-and-trade/15-usc-sect-80a-61/

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