...Act declaring that it was primarily engaged in a business or businesses -her than that of investing in securities, either directly or (A) through majority-owned...companies conducting similar types of businesses." In its decision, the Commission held that in determining primary business engagement under the statute,...

...UUe : • •••*«• (2) Any Issuer which the Commission, upon application by such Issuer, find* and by order declares to be primarily engaged in a...trading in securities either directly or (A) through majority owned subsidiaries or (B) through controlled companies conducting similar types of businesses....

...activities within the meaning of the Act, held that the company is entitled to an order declaring it to be primarily engaged in a business or businesses...reinvesting, owning, holding or trading in securities. APPEARANCES : Irving Schiller, of the Corporation Finance Division of the Commission. Bowden, Taylor...

...and Order issued December 3, 1956, 37 SEC, 449 (1956) the Commission declared that South American was engaged in a business or businesses other than that...reinvesting, owning, holding or trading in securities. 'Section 3(a)(3) of the Act reads aa follows: "When used In this title, 'Investment company' means...

...contained in Section 3 (a) of the Act B or in the alternative that it is primarily engaged in a business other than that of investing, reinvesting, owning,...holding, or trading in securities either directly or through majority owned subsidiaries or through controlled companies conducting similar types of businesses...

...its applications the company asks that we issue an order under Section 3 (b) (2) declaring that it is "primarily engaged in a business or businesses other than that of investing, reinvesting, holding or trading in securities . . ." and is, therefore, not an investment company within the meaning...

...cash items, we have found and our order will declare that Standard is primarily engaged in a business other than that of investing, reinvesting, owning, holding, or trading in securities, through majority-owned subsidiaries and controlled companies. In view of the foregoing Standard is...

...definition of an investment company contained in Section 3 (a) (3), any issuer which the Commission finds and by order declares to be primarily engaged in a business other than that of investing, reinvesting, owning, holding, or trading in securities, either directly...

...(3) subsection (b) (1) excludes an issuer who, through a wholly-owned subsidiary or subsidiaries, is engaged in a business or businesses other than that...reinvesting, owning, holding, or trading in securities. That subsection covers the pure holding type corporation like the United States Steel, or General Motors....

...company within the meaning of this subchapter and sections 72 (a) and 107 (f) of Title 11: Page 1760 a business or businesses other than that of Investing,...reinvesting, owning, holding, or trading In securities. (2) Any issuer which the Commission, upon application by such issuer, finds and by order declares to...