(a) Grounds; jurisdiction of courtWhenever, in the judgment of the Administration, a licensee or any other person has engaged or is about to engage in any acts or practices which constitute or will constitute a violation of any provision of this chapter, or of any rule or regulation under this chapter, or of any order issued under this chapter, the Administration may make application to the proper district court of the United States or a United States court of any place subject to the jurisdiction of the United States for an order enjoining such acts or practices, or for an order enforcing compliance with such provision, rule, regulation, or order, and such courts shall have jurisdiction of such actions and, upon a showing by the Administration that such licensee or other person has engaged or is about to engage in any such acts or practices, a permanent or temporary injunction, restraining order, or other order, shall be granted without bond.
(b) Equity jurisdiction of licensee and assets thereofIn any such proceeding the court as a court of equity may, to such extent as it deems necessary, take exclusive jurisdiction of the licensee or licensees and the assets thereof, wherever located; and the court shall have jurisdiction in any such proceeding to appoint a trustee or receiver to hold or administer under the direction of the court the assets so possessed.
(c) Trusteeship or receivership over licenseeThe Administration shall have authority to act as trustee or receiver of the licensee. Upon request by the Administration, the court may appoint the Administration to act in such capacity unless the court deems such appointment inequitable or otherwise inappropriate by reason of the special circumstances involved.
Structure US Code
CHAPTER 14B— SMALL BUSINESS INVESTMENT PROGRAM
SUBCHAPTER III— INVESTMENT DIVISION PROGRAMS
Part A— Small Business Investment Companies
§ 684. Equity capital for small-business concerns
§ 685. Long-term loans to small-business concerns
§ 686. Aggregate limitations on amount of assistance to any single enterprise
§ 687. Operation and regulation of companies
§ 687a. Revocation and suspension of licenses; cease and desist orders
§ 687c. Injunctions and other orders
§ 687e. Removal or suspension of management officials
§ 687f. Unlawful acts and omissions by officers, directors, employees, or agents
§ 687g. Penalties and forfeitures
§ 687h. Jurisdiction and service of process
§ 687k. Guaranteed obligations not eligible for purchase by Federal Financing Bank
§ 687l. Issuance and guarantee of trust certificates
§ 687m. Periodic issuance of guarantees and trust certificates