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15 U.S.C. § 77aaaa — Contrary stipulations void

submitted 93 years ago by ch. 38 to r/title-15-COMMERCE-AND-TRADE · 28 words · no verdicts yet

in plain englishAI-generated · not legal advice

This law protects investors' rights under the Trust Indenture Act. Any agreement that forces someone to give up those rights is void. This applies to rights under any rule, regulation, or order made under this law too.

If a contract, condition, or agreement tries to force someone to give up their right to follow any provision of this subchapter -- or any rule, regulation, or order issued under it -- that contract term is void. It has no legal effect.
the actual law source: uscode.house.gov ↗public domain

Any condition, stipulation, or provision binding any person to waive compliance with any provision of this subchapter or with any rule, regulation, or order thereunder shall be void.

Source credit: (May 27, 1933, ch. 38, title III, § 327, as added Aug. 3, 1939, ch. 411, 53 Stat. 1177.)

history & why it existsrecord from the source credit
  • 1933Enacted · Act of May 27, 1933, ch. 38 · 53 Stat. 1177

A history note hasn’t been published yet. The record shows enactment by ch. 38 on 1933-05-27.

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