Title 15, Commerce and TradeRelease 119-102
§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 must not stop being one unless a majority of its owners approve.
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
Aug 21, 2026
Release point: 119-102