40 Act Event

40 Act Event. Any action, event, change in Law, change in composition of assets or other occurrence which in the reasonable opinion of Liberty's outside counsel results or will result in Liberty becoming required to register as an investment company under the 40 Act; provided, that in making such determination any potential grace period between the date that Liberty determines that it is required to register as an investment company under the 40 Act (or the date the applicable Governmental Entity makes such... a determination with respect to Liberty) and the date such registration is required to become effective under the 40 Act shall be disregarded. View More