42 USC 9675 - Applicability of securities laws

U.S Code last checked for updates: Nov 22, 2024

§ 9675.

Applicability of securities laws

(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.

(b)

Investment Company Act

(c)

Blue sky law

(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.)

cite as: 42 USC 9675