CITE

    15 USC Sec. 77z-3                                           01/08/2008

EXPCITE

    TITLE 15 - COMMERCE AND TRADE
    CHAPTER 2A - SECURITIES AND TRUST INDENTURES
    SUBCHAPTER I - DOMESTIC SECURITIES

HEAD

    Sec. 77z-3. General exemptive authority

STATUTE

      The Commission, by rule or regulation, may conditionally or
    unconditionally exempt any person, security, or transaction, or any
    class or classes of persons, securities, or transactions, from any
    provision or provisions of this subchapter or of any rule or
    regulation issued under this subchapter, to the extent that such
    exemption is necessary or appropriate in the public interest, and
    is consistent with the protection of investors.

SOURCE

    (May 27, 1933, ch. 38, title I, Sec. 28, as added Pub. L. 104-290,
    title I, Sec. 105(a), Oct. 11, 1996, 110 Stat. 3424; amended Pub.
    L. 105-353, title III, Sec. 301(a)(5), Nov. 3, 1998, 112 Stat.
    3235.)

AMENDMENTS

      1998 - Pub. L. 105-353 made technical correction relating to
    placement of section in subchapter.