Source: https://www.law.cornell.edu/uscode/text/16/825d
Timestamp: 2018-04-26 06:08:27
Document Index: 689485455

Matched Legal Cases: ['§ 825', '§ 825', '§ 825', '§\u202f825', '§\u202f305', '§\u202f213', '§\u202f211', '§\u202f737', '§\u202f79', '§\u202f1263', '§\u202f211']

16 U.S. Code § 825d - Officials dealing in securities | US Law | LII / Legal Information Institute
U.S. Code › Title 16 › Chapter 12 › Subchapter III › § 825d
16 U.S. Code § 825d - Officials dealing in securities
§ 825d.
Officials dealing in securities
(A) In generalIn the circumstances described in subparagraph (B), paragraph (1) shall not apply to a person that holds or proposes to hold the positions of—
officer or director of a bank, trustcompany, banking association, or firm authorized by law to underwrite or participate in the marketing of securities of a public utility.
(B) CircumstancesThe circumstances described in this subparagraph are that—
the bank, trustcompany, banking association, or firm of which the person is an officer or director does not engage in the underwriting of, or participate in the marketing of, securities of the public utility of which the person holds the position of officer or director;
any entity referred to in subsection (b); and
The terms “holding company”, “registered holding company”, and “holding company system” have the same meaning as when used in the Public Utility Holding Company Act of 1935.[1]
(June 10, 1920, ch. 285, pt. III, § 305, as added Aug. 26, 1935, ch. 687, title II, § 213, 49 Stat. 856; amended Pub. L. 95–617, title II, § 211(a), Nov. 9, 1978, 92 Stat. 3147; Pub. L. 106–102, title VII, § 737, Nov. 12, 1999, 113 Stat. 1479.)
The Public Utility Holding Company Act of 1935, referred to in subsec. (c)(3)(B), is title I of act Aug. 26, 1935, ch. 687, 49 Stat. 803, as amended, which was classified generally to chapter 2C (§ 79 et seq.) of Title 15, Commerce and Trade, prior to repeal by Pub. L. 109–58, title XII, § 1263, Aug. 8, 2005, 119 Stat. 974. For complete classification of this Act to the Code, see Tables.
1999—Subsec. (b). Pub. L. 106–102 inserted subsec. heading, designated existing provisions as par. (1), inserted heading, and substituted “After 6” for “After six”, and added par. (2).
Pub. L. 95–617, title II, § 211(b), Nov. 9, 1978, 92 Stat. 3147, provided that:
“No person shall be required to file a statement under section 305(c)(1) of the Federal Power Act [subsec. (c)(1) of this section] before April 30 of the second calendar year which begins after the date of the enactment of this Act [Nov. 9, 1978] and no public utility shall be required to publish a list under section 305(c)(2) of such Act [subsec. (c)(2) of this section] before January 31 of such second calendar year.”