15 U.S.C. § 80a–57 — Changes in investment policy

FEDERAL · 15 U.S.C. · Chapter 2D

Changes in investment policy

Current through Pub. L. 119-102

Title 15 — Commerce and Trade·Ch. 2D — INVESTMENT COMPANIES AND ADVISERS·Subch. I

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.

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History

(Aug. 22, 1940, ch. 686, title I, §58, as added Pub. L. 96–477, title I, §105, Oct. 21, 1980, 94 Stat. 2285.)