---
kind: "section"
citation: "15 U.S.C. § 80a–57"
title: "15"
title_heading: "Commerce and Trade"
number: "80a–57"
heading: "Changes in investment policy"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/80a-57"
units:
  - "Chapter 2D — Investment Companies and Advisers"
  - "Subchapter I — Investment Companies"
---

# §80a–57. Changes in investment policy


No [business development company](/usc/15/80a–2.md?p=a-48) shall, unless authorized by the vote of a majority of its outstanding [voting securities](/usc/15/80a–2.md?p=a-42) 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](/usc/15/80a–2.md?p=a-48).


## Source credit

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