Abstract

  


 



Mutual Fund Investment Limitations Arising Outside of the Investment Company Act


Kenneth R. Earley


Dechert LLP

David M. Geffen


Dechert LLP
June 18, 2009

The Investment Lawyer, Vol. 16, No. 6, June 2009

Abstract:     
In addition to limitations that apply to every registered investment company (Fund) under the Investment Company Act of 1940 (ICA), there are investment limitations under other federal laws and under state law, each of which is a potential trap for a Fund. This article provides guidance to Funds and their advisers to avoid the most common of these non-ICA limitations.

Number of Pages in PDF File: 5

Keywords: mutual funds, investment company, investment limitations, ownership restrictions, aggregation, insurance holding company, bank holding company, poison pills, gaming industry, changes in control

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Date posted: August 3, 2009 ; Last revised: December 29, 2009

Suggested Citation

Earley, Kenneth R. and Geffen, David M., Mutual Fund Investment Limitations Arising Outside of the Investment Company Act (June 18, 2009). The Investment Lawyer, Vol. 16, No. 6, June 2009 . Available at SSRN: http://ssrn.com/abstract=1441387

Contact Information

Kenneth R. Earley
Dechert LLP ( email )
200 Clarendon Street
Boston, MA 02116
United States
David M. Geffen (Contact Author)
Dechert LLP ( email )
200 Clarendon Street
Boston, MA 02116
United States
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