15 U.S.C. § 80a-59

Current through P.L. 118-106 (published on www.congress.gov on 10/04/2024)
Section 80a-59 - Functions and activities of business development companies

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.

15 U.S.C. § 80a-59

Aug. 22, 1940, ch. 686, title I, §60, as added Pub. L. 96-477, title I, §105, Oct. 21, 1980, 94 Stat. 2285.