Title 15, Commerce and TradeRelease 119-73not60
§80a–57 Changes in Investment Policy
Title 15 › Chapter 2D— INVESTMENT COMPANIES AND ADVISERS › Subchapter I— INVESTMENT COMPANIES › § 80a–57
Summary
A business development company may not give up that status without a majority vote of its owners.
Full Legal Text
Title 15, §80a–57
Commerce and Trade, Source: USLM XML via OLRC
No business development company shall, unless authorized by the vote of a majority of its outstanding voting securities or partnership interests, change the nature of its business so as to cease to be, or to withdraw its election as, a business development company.
Reference
Citations & Metadata
Citation
15 U.S.C. § 80a–57
Title 15, Commerce and Trade
Last Updated
Apr 3, 2026
Release point: 119-73not60