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2016 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
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| 15 U.S.C. § 689h (2016) |
| §689h. Bank participation |
|
(a) In general
Except as provided in subsection (b), 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) 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.) |
| United States Code, 2012 Edition, Supplement 4, Title 15 - COMMERCE AND TRADE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| 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 |
| section 689h |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 114 Stat. 2763 |
| Public Law 85-699, Public Law 106-554 |
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