required majority
The term “required majority”, when used with respect to the approval of a proposed transaction, plan, or arrangement, means both a majority of a business development company’s directors or general partners who have no financial interest in such transaction, plan, or arrangement and a majority of such directors or general partners who are not interested persons of such company.
Source
15 USC § 80a-56(o)
Scoping language
None identified, default scope is assumed to be the parent (subchapter I) of this section.