2021 US Code
Title 15 - Commerce and Trade
Chapter 2D - Investment Companies and Advisers
Subchapter I - Investment Companies
Sec. 80a-21 - Loans by management companies
| 15 U.S.C. § 80a-21 (2021) |
| §80a–21. Loans by management companies |
|
It shall be unlawful for any registered management company to lend money or property to any person, directly or indirectly, if— (a) the investment policies of such registered company, as recited in its registration statement and reports filed under this subchapter, do not permit such a loan; or (b) such person controls or is under common control with such registered company; except that the provisions of this paragraph shall not apply to any loan from a registered company to a company which owns all of the outstanding securities of such registered company, except directors' qualifying shares. |
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(Aug. 22, 1940, ch. 686, title I, §21, 54 Stat. 822; Pub. L. 100–181, title VI, §615, Dec. 4, 1987, 101 Stat. 1262.) |
| EDITORIAL NOTES
AMENDMENTS
1987—Subsec. (b). Pub. L. 100–181 struck out "to the extension or renewal of any such loan made prior to March 15, 1940, or" after "shall not apply". |
| United States Code, 2018 Edition, Supplement 3, Title 15 - COMMERCE AND TRADE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 15 - COMMERCE AND TRADE CHAPTER 2D - INVESTMENT COMPANIES AND ADVISERS SUBCHAPTER I - INVESTMENT COMPANIES Sec. 80a-21 - Loans by management companies |
| section 80a-21 |
| 2021 |
| January 3, 2022 |
| No |
| standard |
| 54 Stat. 822 101 Stat. 1262 |
| Public Law 100-181 |
