42 U.S.C. § 9675 — Applicability of securities laws
submitted 40 years ago by Pub. L. 96-510 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 122 words · no verdicts yet
A translation hasn’t been published for this section yet. The official text below is complete and authoritative.
The ownership interests of members of a risk retention group* shall be considered to be—
exempted securities for purposes of section 77e of title 15 and for purposes of section 78l of title 15; and
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.).
The ownership interests of members in a risk retention group shall not be considered securities for purposes of any State* blue sky law.
Source credit: (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.)
- 1986Enacted · Pub. L. 96-510 · 100 Stat. 1719
- 1986Amended · Pub. L. 99-563 · 100 Stat. 3177
A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-510 on 1986-10-17.
all 0 arguments · sorted by: best
no arguments yet — make the first case