15 U.S.C. § 687D
Section 687d · Conflicts of interest
Amended 4 times on record
Applied in 5 court decisions — leading case United States v. Fidelity Capital Corp. (1991)
Most recently applied in Hooven-Dayton Corp. v. Center City Mesbic, Inc. (February 1996)
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.
Editorial notes U.S. Code · Office of the Law Revision Counsel
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”.