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15 U.S.C. § 689o — Removal or suspension of directors or officers

submitted 26 years ago by Pub. L. 85-699 to r/title-15-COMMERCE-AND-TRADE · 54 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section sets rules about Removal or suspension of directors or officers. It states the conditions, exceptions, and procedures in the provisions below.

Using the procedures for removing or suspending a director or an officer of a licensee set forth in section 687e of this title (to the extent such procedures are not inconsistent with the requirements of this part), the Administrator may remove or suspend any director or officer of any New Markets Venture Capital company.

the actual law source: uscode.house.gov ↗public domain

Using the procedures for removing or suspending a director or an officer of a licensee set forth in section 687e of this title (to the extent such procedures are not inconsistent with the requirements of this part), the Administrator may remove or suspend any director or officer of any New Markets Venture Capital company.

Source credit: (Pub. L. 85–699, title III, § 366, as added Pub. L. 106–554, § 1(a)(8) [§ 1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A–664.)

history & why it existsrecord from the source credit
  • 2000Enacted · Pub. L. 85-699 · 114 Stat. 2763, 2763

A history note hasn’t been published yet. The record shows enactment by Pub. L. 85-699 on 2000-12-21.

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