licensing of noncorporate small business investment companies

licensing of noncorporate small business investment companies Sec. 106. (a) Section 103 of the Small Business Investment Act of 1958 is amended by striking out “and” at the end of clause (6) and inserting in lieu thereof a semicolon, by striking out the period at the end of clause (7) and inserting in lieu thereof a semicolon and “and”, and by adding at the end the following: “(8) the term ‘articles’ means articles of incorporation for an incorporated body and means the functional equivalent or other similar documents specified by the Administrator for other business entities.”. (b) Section 301(a) of such Act is amended— (1) by striking the comma and inserting “or a limited partnership” after “incorporated body”; (2) by inserting “or otherwise existing” after “chartered”; (3) by inserting “or partners” after “shareholders”; and (4) by striking the words “of incorporation”. (c) Section 301(b) of such Act is amended by striking the words “of incorporation”. (d) Section 301(c) of such Act is amended by striking the words “of incorporation” wherever they appear therein. (e) Section 302(a) of such Act is amended by striking the words “of incorporation”. (f) Section 312 of such Act is amended— (1) by inserting “or partners” after “shareholders”; and (2) by striking “or shareholders” wherever it appears therein and by inserting “shareholder, or partner”.