Investment Company Act of 1940 → §58 [80a–57] Changes in investment policy

§58 [80a–57] Changes in investment policy

Citation: 15 U.S.C. §80a–57
Source: https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title15-section80a-57&num=0&edition=prelim
Source credit (OLRC): (Aug. 22, 1940, ch. 686, title I, §58, as added Pub. L. 96–477, title I, §105, Oct. 21, 1980, 94 Stat. 2285.)

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.