Trust Indentures: Hearings Before a Subcommittee of the Committee on Interstate and Foreign Commerce, House of Representatives, Seventy-fifth Congress, Third Session, on H.F. 10292, to Provide for the Regulation of the Sale of Certain Securities in Interstate and Foreign Commerce and Through the Mails, and Regulation of the Trust Indentures Under which the Same are Issued, and for Other Purposes. April 25, 1938 |
From inside the book
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Page 1
... disclosed and ascertained , it is hereby declared that the national public interest and the interest of investors in notes , bonds , debentures , evidences of indebtedness , and certificates of interest or participation therein , which ...
... disclosed and ascertained , it is hereby declared that the national public interest and the interest of investors in notes , bonds , debentures , evidences of indebtedness , and certificates of interest or participation therein , which ...
Page 10
... disclosure of any such information in accordance with such provisions , regardless of the source from which such information was derived , shall not be deemed a violation of any existing law or of any law hereafter enacted which does ...
... disclosure of any such information in accordance with such provisions , regardless of the source from which such information was derived , shall not be deemed a violation of any existing law or of any law hereafter enacted which does ...
Page 19
... disclosed in the registration statement and the prospectus . The bill would merely require the Commission to determine also whether the terms of the indentures conform to the standards pre- scribed by the bill . I mention that , Mr ...
... disclosed in the registration statement and the prospectus . The bill would merely require the Commission to determine also whether the terms of the indentures conform to the standards pre- scribed by the bill . I mention that , Mr ...
Page 22
... it to determine whether or not there are provisions in it which ought to be disclosed in the prospectus or in the registration statement . We commonly require certain key provisions in the indenture to 22 TRUST INDENTURES.
... it to determine whether or not there are provisions in it which ought to be disclosed in the prospectus or in the registration statement . We commonly require certain key provisions in the indenture to 22 TRUST INDENTURES.
Page 23
... disclosure now required in the registration statement under the Securities Act . An application would be filed under ... disclosure , and disclosure alone , is the standard for clearance . Under this bill the standard is not merely ...
... disclosure now required in the registration statement under the Securities Act . An application would be filed under ... disclosure , and disclosure alone , is the standard for clearance . Under this bill the standard is not merely ...
Common terms and phrases
act as trustee action AMBERG amendment American Bankers Association application bankruptcy Barkley bill bondholders bonds BOREN borrower BUTTENWIESER capital markets CARROLL REECE centum certificates of interest Chairman clause collateral Commissioner DOUGLAS committee conflicting interest Congress contain provisions contract corporate trustee creditor debentures disclosure duties effect EICHER enforcement Exchange Commission exempted Federal Reserve System filed HAUSSERMANN HELFFRICH inden indenture security holders indenture trustee interest of investors interest or participation investment banker issuer legislation liability mortgage negative pledge negligence obligation obligor paragraph person practical proposed prospective trustee protection of investors public interest pursuant qualified shall contain RALPH CRANE reason registration statement release and substitution respect rules and regulations Securities Act Securities and Exchange securities issued Senate situation standards statute thereof thereunder tion trust indentures trust institutions Trustees Under Indentures ture underwriter VIRGIL CHAPMAN voting securities
Popular passages
Page 14 - If any provision of this Act or the application of such provision to any person or circumstance shall be held invalid, the remainder of the Act and the application of such provision to persons or circumstances other than those as to which it is held invalid shall not be affected thereby.
Page 3 - If it appears to the Commission at any time that the registration statement includes any untrue statement of a material fact or omits to state any material fact required to be stated therein or necessary to make the statements therein not misleading...
Page 11 - System, notwithstanding that such rule or regulation may, after such act or omission, be amended or rescinded or be determined by judicial or other authority to be invalid for any reason.
Page 12 - The Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation...
Page 3 - The Information contained In or filed with any registration statement shall be made available to the public under such regulations as the Commission may prescribe...
Page 13 - ... (b) The rights and remedies provided by this Act shall be in addition to any and all other rights and remedies that may exist under the Securities Act of 1933, or the Securities Exchange Act of 1934, or the Public Utility Holding Company Act of 1935...
Page 2 - SECTION 5 (a) Unless a registration statement is in effect as to a security, it shall be unlawful for any person, directly or indirectly (1) to make use of any means or instruments of transportation or communication in interstate commerce or of the mails to...
Page 12 - Commission deems relevant or material to the inquiry. Such attendance of witnesses and the production of any such records may be required from any place in the United States or any State at any designated place of hearing.
Page 11 - ... (b) Subject to the provisions of the Federal Register Act and regulations prescribed under the authority thereof the rules and regulations of the Commission under this title shall be effective upon publication in the manner which the Commission shall prescribe, or upon such later date as may be provided in such rules and regulations.