Securities Lawyer's Deskbook
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The
Investment Company Act of 1940





Section 46 -- Reports by Commission; Hiring and Leasing Authority


  1. [Omitted; terminated effective May 15, 2000, pursuant to § 3003 of the Federal Reports Elimination and Sunset Act of 1995 (Dec. 21, 1995), P.L. 104-66; 109 Stat. 734.]

  2. Hiring and leasing authority. The provisions of section 4(b) of the Securities Exchange Act of 1934 [15 USCS § 78d(b)] shall be applicable with respect to the power of the Commission--

    1. to appoint and fix the compensation of such employees as may be necessary for carrying out its functions under this title, and

    2. to lease and allocate such real property as may be necessary for carrying out its functions under this title.


Legislative History


Aug. 22, 1940, ch 686, Title I, § 46, 54 Stat. 845; Nov. 15, 1990, P.L. 101-550, Title I, § 104(c), 104 Stat. 2714.


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