CITE

    15 USC Sec. 80b-18                                          01/05/2009

EXPCITE

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

HEAD

    Sec. 80b-18. Hiring and leasing authority of Commission

STATUTE

      The provisions of section 78d(b) of this title shall be
    applicable with respect to the power of the Commission -
        (1) to appoint and fix the compensation of such other employees
      as may be necessary for carrying out its functions under this
      subchapter, and
        (2) to lease and allocate such real property as may be
      necessary for carrying out its functions under this subchapter.

SOURCE

    (Aug. 22, 1940, ch. 686, title II, Sec. 218, 54 Stat. 857; Oct. 28,
    1949, ch. 782, title XI, Sec. 1106(a), 63 Stat. 972; Pub. L. 101-
    550, title I, Sec. 104(d), Nov. 15, 1990, 104 Stat. 2714.)

AMENDMENTS

      1990 - Pub. L. 101-550 amended section generally. Prior to
    amendment, section related to appointment and compensation of
    employees.
      1949 - Act Oct. 28, 1949, substituted "Classification Act of
    1949" for "Classification Act of 1923".
                                  REPEALS
      Act Oct. 28, 1949, ch. 782, cited as a credit to this section,
    was repealed (subject to a savings clause) by Pub. L. 89-554, Sept.
    6, 1966, Sec. 8, 80 Stat. 632, 655.

TRANSFER OF FUNCTIONS

      For transfer of functions of Securities and Exchange Commission,
    with certain exceptions, to Chairman of such Commission, see Reorg.
    Plan No. 10 of 1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175,
    64 Stat. 1265, set out under section 78d of this title.
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