{"identifier":"/us/usc/t7/s2009cc\u20139","title":7,"num":"\u00a7\u202f2009cc\u20139.","heading":"Financial institution investments","text":"\u00a7\u202f2009cc\u20139.\nFinancial institution investments\n(a)\nInvestment\n(1)\nIn general\nExcept as otherwise provided in this section and notwithstanding any other provision of law, the following banks, associations, and institutions are eligible both to establish and invest in any rural business investment company or in any entity established to invest solely in rural business investment companies:\n(A) Any bank or savings association the deposits of which are insured under the Federal Deposit Insurance Act (\n12 U.S.C. 1811\n(B) Any Farm Credit System institution described in section 1.2(a) of the Farm Credit Act of 1971 (\n12 U.S.C. 2002(a)\n(2)\nLimitation on requirements\nThe Secretary may not require that an entity described in paragraph (1) provide investment or capital that is not required of other companies eligible to apply to operate as a rural business investment company under\nsection 2009cc\u20133(a) of this title\n(b)\nLimitation\nNo bank, association, or institution described in subsection (a) may make investments described in subsection (a) that are greater than 5 percent of the capital and surplus of the bank, association, or institution.\n(c)\nLimitation on rural business investment companies controlled by Farm Credit System institutions\nIf a Farm Credit System institution described in section 1.2(a) of the Farm Credit Act of 1971 (\n12 U.S.C. 2002(a)\n12 U.S.C. 2001","url":"https://projectusc.org/usc/t7/s2009cc\u20139.html","content":[{"t":"sec","id":"/us/usc/t7/s2009cc\u20139","children":[{"t":"num","text":"\u00a7\u202f2009cc\u20139."},{"t":"heading","text":"Financial institution investments"},{"t":"subsec","id":"/us/usc/t7/s2009cc\u20139/a","children":[{"t":"num","text":"(a)"},{"t":"heading","text":"Investment"},{"t":"para","id":"/us/usc/t7/s2009cc\u20139/a/1","children":[{"t":"num","text":"(1)"},{"t":"heading","text":"In general"},{"t":"chapeau","text":"Except as otherwise provided in this section and notwithstanding any other provision of law, the following banks, associations, and institutions are eligible both to establish and invest in any rural business investment company or in any entity established to invest solely in rural business investment companies:"},{"t":"subpara","id":"/us/usc/t7/s2009cc\u20139/a/1/A","children":[{"t":"num","text":"(A)"},{"t":"content","text":" Any bank or savings association the deposits of which are insured under the Federal Deposit Insurance Act (","children":[{"t":"ref","text":"12 U.S.C. 1811","href":"/us/usc/t12/s1811","tail":" et seq.), including an investment pool created entirely by such bank or savings association."}],"tail":"\n"}],"tail":"\n"},{"t":"subpara","id":"/us/usc/t7/s2009cc\u20139/a/1/B","children":[{"t":"num","text":"(B)"},{"t":"content","text":" Any Farm Credit System institution described in section 1.2(a) of the Farm Credit Act of 1971 (","children":[{"t":"ref","text":"12 U.S.C. 2002(a)","href":"/us/usc/t12/s2002/a","tail":")."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t7/s2009cc\u20139/a/2","children":[{"t":"num","text":"(2)"},{"t":"heading","text":"Limitation on requirements"},{"t":"content","children":[{"t":"p","text":"The Secretary may not require that an entity described in paragraph (1) provide investment or capital that is not required of other companies eligible to apply to operate as a rural business investment company under ","children":[{"t":"ref","text":"section 2009cc\u20133(a) of this title","href":"/us/usc/t7/s2009cc\u20133/a","tail":"."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t7/s2009cc\u20139/b","children":[{"t":"num","text":"(b)"},{"t":"heading","text":"Limitation"},{"t":"content","children":[{"t":"p","text":"No bank, association, or institution described in subsection (a) may make investments described in subsection (a) that are greater than 5 percent of the capital and surplus of the bank, association, or institution.","tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"subsec","id":"/us/usc/t7/s2009cc\u20139/c","children":[{"t":"num","text":"(c)"},{"t":"heading","text":"Limitation on rural business investment companies controlled by Farm Credit System institutions"},{"t":"content","children":[{"t":"p","text":"If a Farm Credit System institution described in section 1.2(a) of the Farm Credit Act of 1971 (","children":[{"t":"ref","text":"12 U.S.C. 2002(a)","href":"/us/usc/t12/s2002/a","tail":") holds more than 50 percent of the shares of a rural business investment company, either alone or in conjunction with other System institutions (or affiliates), the rural business investment company shall not provide equity investments in, or provide other financial assistance to, entities that are not otherwise eligible to receive financing from the Farm Credit System under that Act ("},{"t":"ref","text":"12 U.S.C. 2001","href":"/us/usc/t12/s2001","tail":" et seq.)."}],"tail":"\n"}],"tail":"\n"}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}