42 U.S.C. § 9675
Title 42
Chapter 103
Current through PL 116-220
~1 min read
Last updated: March 30, 2026
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Sections in this chapter
- § 9601
- § 9602
- § 9603
- § 9604
- § 9605
- § 9606
- § 9607
- § 9608
- § 9609
- § 9610
- § 9611
- § 9612
- § 9613
- § 9614
- § 9615
- § 9616
- § 9617
- § 9618
- § 9619
- § 9620
- § 9621
- § 9622
- § 9623
- § 9624
- § 9625
- § 9626
- § 9627
- § 9628
- § 9633
- § 9641
- § 9651
- § 9652
- § 9653
- § 9654
- § 9655
- § 9656
- § 9657
- § 9658
- § 9659
- § 9660
- § 9660a
- § 9661
- § 9662
- § 9671
- § 9672
- § 9673
- § 9674
- § 9675
§ 9675. Applicability of securities laws
- (a) 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 78 l 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) 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.).
- (c) The ownership interests of members in a risk retention group shall not be considered securities for purposes of any State blue sky law.
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