
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC687c]

 
                      TITLE 15--COMMERCE AND TRADE
 
             CHAPTER 14B--SMALL BUSINESS INVESTMENT PROGRAM
 
              SUBCHAPTER III--INVESTMENT DIVISION PROGRAMS
 
               Part A--Small Business Investment Companies
 
Sec. 687c. Injunctions and other orders


(a) Grounds; jurisdiction of court

    Whenever, in the judgment of the Administration, a licensee or any 
other person has engaged or is about to engage in any acts or practices 
which constitute or will constitute a violation of any provision of this 
chapter, or of any rule or regulation under this chapter, or of any 
order issued under this chapter, the Administration may make application 
to the proper district court of the United States or a United States 
court of any place subject to the jurisdiction of the United States for 
an order enjoining such acts or practices, or for an order enforcing 
compliance with such provision, rule, regulation, or order, and such 
courts shall have jurisdiction of such actions and, upon a showing by 
the Administration that such licensee or other person has engaged or is 
about to engage in any such acts or practices, a permanent or temporary 
injunction, restraining order, or other order, shall be granted without 
bond.

(b) Equity jurisdiction of licensee and assets thereof

    In any such proceeding the court as a court of equity may, to such 
extent as it deems necessary, take exclusive jurisdiction of the 
licensee or licensees and the assets thereof, wherever located; and the 
court shall have jurisdiction in any such proceeding to appoint a 
trustee or receiver to hold or administer under the direction of the 
court the assets so possessed.

(c) Trusteeship or receivership over licensee

    The Administration shall have authority to act as trustee or 
receiver of the licensee. Upon request by the Administration, the court 
may appoint the Administration to act in such capacity unless the court 
deems such appointment inequitable or otherwise inappropriate by reason 
of the special circumstances involved.

(Pub. L. 85-699, title III, Sec. 311, as added Pub. L. 87-341, Sec. 9, 
Oct. 3, 1961, 75 Stat. 755; amended Pub. L. 89-779, Sec. 6, Nov. 6, 
1966, 80 Stat. 1360; Pub. L. 98-620, title IV, Sec. 402(15)(C), Nov. 8, 
1984, 98 Stat. 3358.)

                       References in Text

    For definition of ``this chapter'', referred to in subsec. (a), see 
References in Text note set out under section 661 of this title.


                               Amendments

    1984--Subsec. (a). Pub. L. 98-620 struck out provision that the 
proceedings in such a case had to be made a preferred cause and had to 
be expedited in every way.
    1966--Subsec. (c). Pub. L. 89-779 added subsec. (c).


                    Effective Date of 1984 Amendment

    Amendment by Pub. L. 98-620 not applicable to cases pending on Nov. 
8, 1984, see section 403 of Pub. L. 98-620, set out as an Effective Date 
note under section 1657 of Title 28, Judiciary and Judicial Procedure.

                  Section Referred to in Other Sections

    This section is referred to in section 687h of this title.
