Investment Company Security Law and Legal Definition
An investment company security is a type of security. It is issued by an investment company that is registered company and authorized to issue shares and other similar equity. The investment company must be registered under the investment company laws.
Following is an example of a federal statute defining investment company security:
U.C.C. § 8-103 (b) defines an investment company security as a share or similar equity interest issued by an entity that is registered as an investment company under the federal investment company laws, an interest in a unit investment trust that is so registered, or a face-amount certificate issued by a face-amount certificate company that is so registered.
Investment company security does not include an insurance policy or endowment policy or annuity contract issued by an insurance company.
Legal Definition list
Related Legal Terms
- Abandoned Security Property [Agriculture]
- Access Control List [National Security]
- Access Control Mechanism [National Security]
- Accessible Space [National Security]
- Accompanying Relative [Immigration]
- Accompanying Spouse and Dependents
- Accompanying the Armed Forces outside the United States
- Accompanying the Federal Government Outside the United States
- Accompanying Visa
- Actual Investment