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15 U.S.C. § 77z — Separability
Federal law — U.S. Code and appendices · legal_authorities
If any provision of this chapter, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this chapter, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
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Source location: Title 15, Chapter 2A, § 77z; chapter-2a-securities-and-trust-indentures.md
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If any provision of this chapter, or the application of such provision to any person or circumstance, shall be held invalid, the remainder of this chapter, or the application of such provision to persons or circumstances other than those as to which it is held invalid, shall not be affected thereby.
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Federal law — U.S. Code and appendices · legal_authorities
Page 165
TITLE 15—COMMERCE AND TRADE
§ 77z–1
Statutory Notes and Related Subsidiaries
EFFECTIVE DATE OF 2010 AMENDMENT
Amendment by Pub. L. 111–203 effective 1 day after
July 21, 2010, except as otherwise provided, see section
4 of Pub. L. 111–203, set out as an Effective Date note
under section 5301 of Title 12, Banks and Banking.
EFFECTIVE DATE OF 1998 AMENDMENT
Amendment by Pub. L. 105–353 not to affect or apply
to any action commenced before and pending on Nov. 3,
1998, see section 101(c) of Pub. L. 105–353, set out as a
note under section 77p of this title.
EFFECTIVE DATE OF 1970 AMENDMENT
Amendment by Pub. L. 91–452 effective on sixtieth
day following Oct. 15, 1970, see section 260 of Pub. L.
91–452, set out as an Effective Date; Savings Provision
note under section 6001 of Title 18, Crimes and Criminal
Procedure.
EFFECTIVE DATE OF 1954 AMENDMENT
Amendment by act Aug. 10, 1954, effective 60 days
after Aug. 10, 1954, see note under section 77b of this
title.
SAVINGS PROVISION
Amendment by Pub. L. 91–452 not to affect any immu-
nity to which any individual is entitled under this sec-
tion by reason of any testimony given before the six-
tieth day following Oct. 15, 1970, see section 260 of Pub.
L. 91–452, set out as an Effective Date; Savings Provi-
sion note under section 6001 of Title 18, Crimes and
Criminal Procedure.
Executive Documents
TRANSFER OF FUNCTIONS
For transfer of functions of Securities and Exchange
Commission, with certain exceptions, to Chairman of
such Commission, see Reorg. Plan No. 10 of 1950, §§ 1, 2,
eff. May 24, 1950, 15 F.R. 3175, 64 Stat. 1265, set out under
section 78d of this title.
§ 77w. Unlawful representations
Neither the fact that the registration state-
ment for a security has been filed or is in effec
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