WHAT THE LAW DOINCongress, in plain words

The law › Title 15, Commerce and Trade › Chapter 2A

15 U.S.C. 77jjj: Eligibility and disqualification of trustee

Created in 1990 by Public Law 101-550. Changed by 1 later law. No bill we track in this Congress changes it.

4 other sections of the Code cite this one, including 15 U.S.C. 77eee, 15 U.S.C. 77mmm, 15 U.S.C. 77sss, 15 U.S.C. 77uuu.

2 parts of federal rules cite it as their authority, written by Securities and Exchange Commission (2).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2010

    • Pub. L. 111–203 struck out subsec. (c). Text read as follows: "The Public Utility Holding Company Act of 1935 shall not be held to establish or authorize the establishment of any standards regarding the eligibility and qualifications of any trustee or prospective trustee under an inden… (Dodd-Frank Wall Street Reform and Consumer Protection Act) Law text · (c)

    1990

    • Pub. L. 101–550, §406(1)–(4), substituted "There shall" for "The indenture to be qualified shall require that there shall", and "under every indenture qualified or to be qualified pursuant to this subchapter" for "thereunder", inserted "or a corporation or other person permitted to … · (a)
    • Pub. L. 101–550, §406(5), which directed the substitution of "Such institution" for "The indenture to be qualified shall require that such institution", was executed by making the substitution for "The indenture to be qualified shall require that such institutional", as the probable… · (a)
    • Pub. L. 101–550, §406(6), struck out "such indenture shall provide that" before "the rights". · (a)
    • Pub. L. 101–550, §406(7), (8), struck out "the indenture to be qualified shall require that" before "the indenture" and inserted "shall" after "trustee or trustees". · (a)
    • Pub. L. 101–550, §407, added par. (5). · (a)
    • Pub. L. 101–550, §408, amended subsec. (b) generally. · (b)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.