
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 15USC689l]

 
                      TITLE 15--COMMERCE AND TRADE
 
             CHAPTER 14B--SMALL BUSINESS INVESTMENT PROGRAM
 
              SUBCHAPTER III--INVESTMENT DIVISION PROGRAMS
 
               Part B--New Markets Venture Capital Program
 
Sec. 689l. Injunctions and other orders


(a) In general

    Whenever, in the judgment of the Administrator, a New Markets 
Venture Capital company 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 
Administrator 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 Administrator that such New 
Markets Venture Capital company 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) Jurisdiction

    In any proceeding under subsection (a) of this section, the court as 
a court of equity may, to such extent as it deems necessary, take 
exclusive jurisdiction of the New Market Venture Capital company 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) Administrator as trustee or receiver

                            (1) Authority

        The Administrator may act as trustee or receiver of a New 
    Markets Venture Capital company.

                           (2) Appointment

        Upon request of the Administrator, the court may appoint the 
    Administrator to act as a trustee or receiver of a New Markets 
    Venture Capital company unless the court deems such appointment 
    inequitable or otherwise inappropriate by reason of the special 
    circumstances involved.

(Pub. L. 85-699, title III, Sec. 363, as added Pub. L. 106-554, 
Sec. 1(a)(8) [Sec. 1(b)(3)], Dec. 21, 2000, 114 Stat. 2763, 2763A-662.)

                       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.
