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► 15 U.S.C. § 80a21 15 u.s.c. · investment companies and advisers · title 15
15 U.S.C. § 80a21
Loans by management companies
Title 15 USC
● ACTIVE
Ch. 2D
Jurisdiction Federal — United States
Chapter INVESTMENT COMPANIES AND ADVISERS
Primary Source uscode.house.gov ↗
Federation ID OM-USC15-SEC-3F791D
► STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 15 - COMMERCE AND TRADE 15 U.S.C. United States Code, 2023 Edition Title 15 - COMMERCE AND TRADE CHAPTER 2D - INVESTMENT COMPANIES AND ADVISERS SUBCHAPTER I - INVESTMENT COMPANIES Sec. 80a-21 - Loans by management companies From the U.S. Government Publishing Office, www.gpo.gov

§80a–21. Loans by management companies

It shall be unlawful for any registered management company to lend money or property to any person, directly or indirectly, if— (a) the investment policies of such registered company, as recited in its registration statement and reports filed under this subchapter, do not permit such a loan; or (b) such person controls or is under common control with such registered company; except that the provisions of this paragraph shall not apply to any loan from a registered company to a company which owns all of the outstanding securities of such registered company, except directors' qualifying shares.

(Aug. 22, 1940, ch. 686, title I, §21, 54 Stat. 822; Pub. L. 100–181, title VI, §615, Dec. 4, 1987, 101 Stat. 1262.)

Editorial Notes

Amendments 1987—Subsec. (b). Pub. L. 100–181 struck out "to the extension or renewal of any such loan made prior to March 15, 1940, or" after "shall not apply".

Source: uscode.house.gov — public domain Official Source ↗
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oakmorel.com
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The statutory text of 15 U.S.C. § 80a21 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
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← 15 U.S.C. § 80a20 15 U.S.C. § 80a22 →
Chapter 2D — INVESTMENT COMPANIES AND ADVISERS
15 U.S.C. § 80a115 U.S.C. § 80a215 U.S.C. § 80a315 U.S.C. § 80a3a15 U.S.C. § 80a415 U.S.C. § 80a515 U.S.C. § 80a615 U.S.C. § 80a715 U.S.C. § 80a815 U.S.C. § 80a915 U.S.C. § 80a1015 U.S.C. § 80a1115 U.S.C. § 80a1215 U.S.C. § 80a1315 U.S.C. § 80a1415 U.S.C. § 80a1515 U.S.C. § 80a1615 U.S.C. § 80a1715 U.S.C. § 80a1815 U.S.C. § 80a1915 U.S.C. § 80a2015 U.S.C. § 80a2115 U.S.C. § 80a2215 U.S.C. § 80a23
15 U.S.C. — public domain ← All Legislation
OakMorel Law
15 U.S.C.
Citation
15 U.S.C. § 80a21
Status
● ACTIVE
Chapter
2D — INVESTMENT COMPANIES AND ADVISERS
Title
Commerce and Trade
Jurisdiction
Federal
Federation ID
OM-USC15-SEC-3F791D
Root-LD Spec
v1.0
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Commerce and Trade — 15 U.S.C. § 80a21