Title 15 — Commerce and TradeRelease 119-73not60

§689o Removal or Suspension of Directors or Officers

Title 15 › Chapter 14B— SMALL BUSINESS INVESTMENT PROGRAM › Subchapter III— INVESTMENT DIVISION PROGRAMS › Part B— New Markets Venture Capital Program › § 689o

Last updated Apr 3, 2026|Official source

Summary

The Administrator may remove or suspend any director or officer of a New Markets Venture Capital company. The Administrator must use the removal and suspension procedures in section 687e, as long as those procedures do not conflict with the rules in this part.

Full Legal Text

Title 15, §689o

Commerce and Trade — Source: USLM XML via OLRC

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.

Reference

Citations & Metadata

Citation

15 U.S.C. § 689o

Title 15 — Commerce and Trade

Last Updated

Apr 3, 2026

Release point: 119-73not60