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15 U.S.C. § 80a–57

Changes in investment policy

United States · Title 15 — COMMERCE AND TRADE · Status: effective

Banking, Finance & Insurance
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15 U.S.C. § 80a–57, Changes in investment policy, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/440161
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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.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.

  • Enacted byPub. L. 96-477(H.R. 7554)1980-10-21
    An act to amend the Federal securities laws to provide incentives for small business investment, and for other purposes.
    House: no recorded tallySenate: no recorded tally