2017 US Code
Title 15 - Commerce and Trade
Chapter 2D - Investment Companies and Advisers
Subchapter I - Investment Companies
Sec. 80a-4 - Classification of investment companies
| 15 U.S.C. § 80a-4 (2017) |
| §80a–4. Classification of investment companies |
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For the purposes of this subchapter, investment companies are divided into three principal classes, defined as follows: (1) "Face-amount certificate company" means an investment company which is engaged or proposes to engage in the business of issuing face-amount certificates of the installment type, or which has been engaged in such business and has any such certificate outstanding. (2) "Unit investment trust" means an investment company which (A) is organized under a trust indenture, contract of custodianship or agency, or similar instrument, (B) does not have a board of directors, and (C) issues only redeemable securities, each of which represents an undivided interest in a unit of specified securities; but does not include a voting trust. (3) "Management company" means any investment company other than a face-amount certificate company or a unit investment trust. |
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(Aug. 22, 1940, ch. 686, title I, §4, 54 Stat. 799.) |
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TRANSFER OF FUNCTIONS
For transfer of functions of Securities and Exchange Commission, with certain exceptions, to Chairman of such Commission, see Reorg. Plan No. 10 of 1950, §§1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under section 78d of this title. |
| United States Code, 2012 Edition, Supplement 5, 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-4 - Classification of investment companies |
| section 80a-4 |
| 2017 |
| January 12, 2018 |
| No |
| standard |
| 54 Stat. 799 64 Stat. 1265 |
