CITE

    15 USC Sec. 80a-64                                          01/05/2009

EXPCITE

    TITLE 15 - COMMERCE AND TRADE
    CHAPTER 2D - INVESTMENT COMPANIES AND ADVISERS
    SUBCHAPTER I - INVESTMENT COMPANIES

HEAD

    Sec. 80a-64. Preventing compliance with subchapter; liability of
      controlling persons

STATUTE

      Notwithstanding the exemption set forth in section 80a-6(f) of
    this title, section 80a-47 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 provisions of
    section 80a-47(a) of this title shall not be construed to require
    any company which is not an investment company within the meaning
    of section 80a-3(a) of this title to comply with the provisions of
    this subchapter which are applicable to a business development
    company solely because such company is a wholly-owned subsidiary
    of, or directly or indirectly controlled by, a business development
    company.

SOURCE

    (Aug. 22, 1940, ch. 686, title I, Sec. 65, as added Pub. L. 96-477,
    title I, Sec. 105, Oct. 21, 1980, 94 Stat. 2289.)