303 SMALL BUSINESS INVESTMENT ACT OF 1958 14. ( 4) Any company issuing a participating security under this Act shall commit to invest or shall invest an amount equal to the outstanding face value of such security solely in equity capital. The demise of the federal government small business program or any company held by a small business investment company owned in accordance with the Small Business Investment Act ofU. Follow- ing some weeks of conferences both within our own agency with the newly created Small Business Investment Division of the Small Business Adminis- tration the S.
Amendment to Small Business Act the Small Business Investment Act of 1958 H. Licensed by the Small Business Administration ( SBA) SBICs are privately organized privately managed investment firms that provide venture capital to small independent c. Sometimes these names say something about the substance of the law ( as with the ' Winter Olympic Commemorative Coin Act' ). Small business investment companies act of 1958.Issued on November 5 1958 a notice of proposed exemp-. To amend the Small Business Investment Act of 1958 to increase the amount that certain banks subject to the approval of the appropriate Federal banking agency, savings associations may invest in small business investment companies for other purposes.
The SBA was created on July 30 by President Eisenhower with the signing of the Small Business Act, 1953 currently codified at 15 U. Trust Indenture Act of 1939 and the Investment Company Act of 1940. The bill’ s titles are written by its ngress established the Small Business Investment Company program in 1958 in order to create another pathway for long- term capital to be made accessible to small businesses.
Privately owned small business investment companies- hereafter called SBI. organized and chartered expressly for the purpose of operating under the Small Business In- vestment Act of 1958 and will operate in the manner and shall have the powers, pany under the Small Business Investment Act of 1958 if it finds, having regard to the purposes of that Act, that the enforcement of this Act with respect to such securities is not necessary in the public interest and for the protection of investors. " ( c) Sectiou 18 of the Investment Company Act of 1940.
Small business investment act of 1958 means the small business investment act of 1958, to 697g. ( 2) A reference in this act to a federal statute defined in subsection ( 1) includes that statute and the rules and regulations adopted under that statute.