{"data":{"id":"us/15-u.s.c.-80a-21","jurisdiction":"us","citation":"15 U.S.C. § 80a–21","heading":"Loans by management companies","body":"It shall be unlawful for any registered management company to lend money or property to any person, directly or indirectly, if—(a) the investment policies of such registered company, as recited in its registration statement and reports filed under this subchapter, do not permit such a loan; or (b) such person controls or is under common control with such registered company; except that the provisions of this paragraph shall not apply to any loan from a registered company to a company which owns all of the outstanding securities of such registered company, except directors’ qualifying shares.","path":["Title 15—COMMERCE AND TRADE","CHAPTER 2D—INVESTMENT COMPANIES AND ADVISERS"],"source_url":"https://uscode.house.gov/download/releasepoints/us/pl/119/103/xml_usc15@119-103.zip","current_through":"Public Law 119-103 (09/02/2026)","vintage":"","retrieved_at":"2026-09-10T05:56:39Z","sha256":"e2422e7b6419ace701d9003ad531a48448b8848d2bb8ab968771d903aaee98fd","source_id":"us","stale":true,"prev":"us/15-u.s.c.-80a-20","next":"us/15-u.s.c.-80a-22"},"notice":"GroundRules: Original legal text. Not legal advice."}