Payments or distributions

15 U.S. Code § 80a-19. Payments or distributions

(a) Dividends; restriction; exceptionIt shall be unlawful for any registered investment company to pay any dividend, or to make any distribution in the nature of a dividend payment, wholly or partly from any source other than—
(1)
such company’s accumulated undistributed net income, determined in accordance with good accounting practice and not including profits or losses realized upon the sale of securities or other properties; or
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