
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: 15USC80a-39]

 
                      TITLE 15--COMMERCE AND TRADE
 
              CHAPTER 2D--INVESTMENT COMPANIES AND ADVISERS
 
                   SUBCHAPTER I--INVESTMENT COMPANIES
 
Sec. 80a-39. Procedure for issuance of orders


(a) Notice and hearing

    Orders of the Commission under this subchapter shall be issued only 
after appropriate notice and opportunity for hearing. Notice to the 
parties to a proceeding before the Commission shall be given by personal 
service upon each party or by registered mail or certified mail or 
confirmed telegraphic notice to the party's last known business address. 
Notice to interested persons, if any, other than parties may be given in 
the same manner or by publication in the Federal Register.

(b) Application verified under oath admissible as evidence

    The Commission may provide, by appropriate rules or regulations, 
that an application verified under oath may be admissible in evidence in 
a proceeding before the Commission and that the record in such a 
proceeding may consist, in whole or in part, of such application.

(c) Parties

    In any proceeding before the Commission, the Commission, in 
accordance with such rules and regulations as it may prescribe, shall 
admit as a party any interested State or State agency, and may admit as 
a party any representative of interested security holders, or any other 
person whose participation in the proceeding may be in the public 
interest or for the protection of investors.

(Aug. 22, 1940, ch. 686, title I, Sec. 40, 54 Stat. 842; Pub. L. 86-507, 
Sec. 1(15), June 11, 1960, 74 Stat. 201.)


                               Amendments

    1960--Subsec. (a). Pub. L. 86-507 inserted ``or certified mail'' 
after ``registered mail''.

                          Transfer of Functions

    For transfer of functions of Securities and Exchange Commission, 
with certain exceptions, to Chairman of such Commission, see Reorg. Plan 
No. 10 of 1950, Secs. 1, 2, eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 
1265, set out under section 78d of this title.

                  Section Referred to in Other Sections

    This section is referred to in sections 80a-6, 80a-9, 80a-58 of this 
title.
