§ 80a-59. — Functions and activities of business development companies.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC80a-59]
TITLE 15--COMMERCE AND TRADE
CHAPTER 2D--INVESTMENT COMPANIES AND ADVISERS
SUBCHAPTER I--INVESTMENT COMPANIES
Sec. 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.
(Aug. 22, 1940, ch. 686, title I, Sec. 60, as added Pub. L. 96-477,
title I, Sec. 105, Oct. 21, 1980, 94 Stat. 2285.)
Section Referred to in Other Sections
This section is referred to in sections 80a-2, 80a-6, 80a-53, 80a-
60, 80b-2 of this title.
