2009 US Code
Title 15 - COMMERCE AND TRADE
CHAPTER 14B - SMALL BUSINESS INVESTMENT PROGRAM
SUBCHAPTER III - INVESTMENT DIVISION PROGRAMS
Part B - New Markets Venture Capital Program
Sec. 689h - Bank participation
View MetadataPublication Title | United States Code, 2006 Edition, Supplement 3, Title 15 - COMMERCE AND TRADE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 15 - COMMERCE AND TRADE CHAPTER 14B - SMALL BUSINESS INVESTMENT PROGRAM SUBCHAPTER III - INVESTMENT DIVISION PROGRAMS Part B - New Markets Venture Capital Program Sec. 689h - Bank participation |
Contains | section 689h |
Date | 2009 |
Laws in Effect as of Date | February 1, 2010 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 85-699, title III, §359, as added Pub. L. 106-554, §1(a)(8) [§1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A-661. |
Statutes at Large Reference | 114 Stat. 2763 |
Public Law References | Public Law 85-699, Public Law 106-554 |
§689h. Bank participation (a) In general
Except as provided in subsection (b) of this section, any national bank, any member bank of the Federal Reserve System, and (to the extent permitted under applicable State law) any insured bank that is not a member of such system, may invest in any New Markets Venture Capital company, or in any entity established to invest solely in New Markets Venture Capital companies.
(b) LimitationNo bank described in subsection (a) of this section may make investments described in such subsection that are greater than 5 percent of the capital and surplus of the bank.
(Pub. L. 85–699, title III, §359, as added Pub. L. 106–554, §1(a)(8) [§1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–661.)
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