Notwithstanding the exemption set forth in section 6(f) [15 USCS § 80a-6(f)],
section 21 [15 USCS § 80a-21] shall apply to a business development company to
the same extent as if it were a registered closed-end investment company, except
that nothing in that section [15 USCS § 80a-21] shall be deemed to prohibit--
any loan to a director, officer, or employee of, or general
partner in, a business development company for the purpose of purchasing securities
of such company as part of an executive compensation plan, if such loan meets
the requirements of section 57(j) [15 USCS § 80a-56(j)]; or
any loan to a company controlled by a business development
company, which companies could be deemed to be under common control solely
because a third person controls such business development company.
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