Source: http://www4.law.cornell.edu/uscode/text/15/80a-26
Timestamp: 2013-12-10 18:32:51
Document Index: 44530266

Matched Legal Cases: ['§ 80', '§ 80', '§ 80', 'art 239', 'art 270', 'art 274']

15 USC § 80a–26 - Unit investment trusts | Title 15 - Commerce and Trade | U.S. Code | LII / Legal Information Institute
USC › Title 15 › Chapter 2D › Subchapter I › § 80a–26	prevnext
15 USC § 80a–26 - Unit investment trusts
No principal underwriter for or depositor of a registered unit investment trust shall sell, except by surrender to the trustee for redemption, any security of which such trust is the issuer (other than short-term paper), unless the trust indenture, agreement of custodianship, or other instrument pursuant to which such security is issued—
Bank or affiliated person of bank as trustee or custodian
The Commission may, after consultation with and taking into consideration the views of the Federal banking agencies (as defined in section 1813 of title 12), adopt rules and regulations, and issue orders, consistent with the protection of investors, prescribing the conditions under which a bank, or an affiliated person of a bank, either of which is an affiliated person of a principal underwriter for, or depositor of, a registered unit investment trust, may serve as trustee or custodian under subsection (a)(1) of this section.
Binding contract or agreement embodying applicable provisions deemed to qualify non-complying instrument by which securities were issued
In the event that a trust indenture, agreement of custodianship, or other instrument pursuant to which securities of a registered unit investment trust are issued does not comply with the requirements of subsection (a) of this section, such instrument will be deemed to meet such requirements if a written contract or agreement binding on the parties and embodying such requirements has been executed by the depositor on the one part and the trustee or custodian on the other part, and three copies of such contract or agreement have been filed with the Commission.
Liquidation of unit investment trust
Subsection (a) of this section does not apply to any registered separate account funding variable insurance contracts, or to the sponsoring insurance company and principal underwriter of such account.
It shall be unlawful for any registered separate account funding variable insurance contracts, or for the sponsoring insurance company of such account, to sell any such contract—
This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.17 CFR - Title 17—Commodity and Securities Exchanges17 CFR Part 239 - FORMS PRESCRIBED UNDER THE SECURITIES ACT OF 193317 CFR Part 270 - RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 194017 CFR Part 274 - FORMS PRESCRIBED UNDER THE INVESTMENT COMPANY ACT OF 1940