2016 US Code
Title 42 - The Public Health and Welfare
Chapter 103 - Comprehensive Environmental Response, Compensation, and Liability
Subchapter IV - Pollution Insurance
Sec. 9675 - Applicability of securities laws
| 42 U.S.C. § 9675 (2016) |
| §9675. Applicability of securities laws |
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(a) Ownership interests
The ownership interests of members of a risk retention group shall be considered to be— (1) exempted securities for purposes of section 77e of title 15 and for purposes of section 78l of title 15; and (2) securities for purposes of the provisions of section 77q of title 15 and the provisions of section 78j of title 15. A risk retention group shall not be considered to be an investment company for purposes of the Investment Company Act of 1940 (15 U.S.C. 80a–1 et seq.). (c) Blue sky lawThe ownership interests of members in a risk retention group shall not be considered securities for purposes of any State blue sky law. |
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(Pub. L. 96–510, title IV, §405, as added Pub. L. 99–499, title II, §210(a), formerly §210, Oct. 17, 1986, 100 Stat. 1719; renumbered §210(a), Pub. L. 99–563, §11(c)(1), Oct. 27, 1986, 100 Stat. 3177.) |
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REFERENCES IN TEXT
The Investment Company Act of 1940, referred to in subsec. (b), is title I of act Aug. 22, 1940, ch. 686, 54 Stat. 789, as amended, which is classified generally to subchapter I (§80a–1 et seq.) of chapter 2D of Title 15, Commerce and Trade. For complete classification of this Act to the Code, see section 80a–51 of Title 15 and Tables. |
| United States Code, 2012 Edition, Supplement 4, Title 42 - THE PUBLIC HEALTH AND WELFARE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 103 - COMPREHENSIVE ENVIRONMENTAL RESPONSE, COMPENSATION, AND LIABILITY SUBCHAPTER IV - POLLUTION INSURANCE Sec. 9675 - Applicability of securities laws |
| section 9675 |
| 2016 |
| January 6, 2017 |
| No |
| standard |
| 54 Stat. 789 100 Stat. 1719, 3177 |
| Public Law 96-510, Public Law 99-499, Public Law 99-563 |
