§687d — Title 15 Commerce and Trade | U.S. Code

Summary

The Administration must make rules to prevent conflicts of interest that could hurt small businesses, small business investment companies, their owners, or the goals of this law. The rules must cover deals involving officers, directors, shareholders, partners, or members of a small business investment company, and anyone or any business in which those people have any direct or indirect interest. The rules must also require appropriate public disclosure.

Title 15, §687d

Commerce and Trade — Source: USLM XML via OLRC

For the purpose of controlling conflicts of interest which may be detrimental to small business concerns, to small business investment companies, to the shareholders, partners, or members of either, or to the purposes of this chapter, the Administration shall adopt regulations to govern transactions with any officer, director, shareholder, partner, or member of any small business investment company, or with any person or concern, in which any interest, direct or indirect, financial or otherwise, is held by any officer, director, shareholder, partner, or member of (1) any small business investment company, or (2) any person or concern with an interest, direct or indirect, financial or otherwise, in any small business investment company. Such regulations shall include appropriate requirements for public disclosure necessary to the purposes of this section.

Notes & Related Subsidiaries

Editorial Notes

References in Text

For definition of “this chapter”, referred to in text, see

References in Text

note set out under section 661 of this title.

Amendments

2001—Pub. L. 107–100 struck out “(including disclosure in the locality most directly affected by the transaction)” after “public disclosure”. 1996—Pub. L. 104–208, § 208(h)(1)(D), substituted “shareholders, partners, or members” for “shareholders or partners” and substituted “shareholder, partner, or member” for “shareholder, or partner” in two places. 1976—Pub. L. 94–305, § 106(f)(2), which directed the substitution of “shareholder, or partner” for “or shareholders” wherever appearing, was executed by making the substitution for “or shareholder” in two places to reflect the probable intent of Congress. Pub. L. 94–305, § 106(f)(1), inserted “or partners” after “to the shareholders”.

§687d Conflicts of interest

Summary

Title 15, §687d

Notes & Related Subsidiaries

Editorial Notes

References in Text

References in Text

Amendments

Citations & Metadata