A transaction which does not result in a change of actual control or management of the investment adviser to, or principal underwriter of, an investment company is not an assignment for purposes of section 15(a)(4) or section 15(b)(2) of the act, respectively.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(Secs. 6(c) and 38(a) (15 U.S.C. §§ 80a-6(c) and 80a-37(a))) [45 FR 1861, Jan. 9, 1980]