---
type: "LegalText"
title: "15 U.S.C. § 80a–57"
description: "Changes in investment policy"
jurisdiction: "us"
corpus: "united_states_code"
kind: "code_section"
title_number: 15
title_name: "COMMERCE AND TRADE"
chapter_number: "2D"
chapter_name: "INVESTMENT COMPANIES AND ADVISERS"
section: "80a–57"
citation: "15 U.S.C. § 80a–57"
status: "current"
release_point: "119-100"
release_date: "2026-06-26"
source: "official"
source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc15@119-100.zip"
source_identifier: "/us/usc/t15/s80a–57"
source_file: "data/legal/raw/us/code/title-15/usc15.xml"
source_hash: "34fddc15b15f84c8d8196b589461a620ee4902909d359726d803c420c36e44eb"
raw_snapshot_hash: "6982338d990ef19d6b52bff6825089bdd6d0ee1233d9382673faf533decd5059"
text_hash: "793355ec45081f4e420ee356573d6936a97e7040dd2cf268d21f9635c02c4d2c"
retrieved_at: "2026-07-04"
confidence: "official"
tags: ["legal", "us-code"]
---

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

## Text

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.

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