Public Law 119-102 (07/12/2026)

15 U.S.C. § 80a–59

Functions and activities of business development companies

Section text and notes

section 80a–6(f) of this titlesection 80a–12 of this titlesection 80a–12(a)(1) of this titleNotwithstanding the exemption set forth in , 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 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 Pub. L. 96–477, title I, § 10594 Stat. 2285 (, title I, § 60, as added , , .)