 | 1935 - 1314 pages
...debentures, notes, or other securities: Provided, That nothing in this paragraph shall apply to any suck organization which shall have been placed in formal...may be incidental to the liquidation of its affairs. Section 303 (a) of the bill amends section 21 (a) (1) of the Banking Act of 1933. SEC. 21. (a) After... | |
 | United States. Congress. House. Committee on Banking and Currency - 1935 - 1194 pages
...requirements do not exteiid to a securities company which has been placed in formal liquidation and transact no business except such as may be incidental to the liquidation of its affairs. This is in accord with rulings by the Federal Reserve Board and the Comptroller's office as to a proper... | |
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Provided, That nothing in this paragraph shall apply to any such organization which shall have been placed in formal liquidation and which shall transact no business except such as may be incidental to the liquidation of its affairs. 
