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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 7 - Agriculture |
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Subtitle B - Regulations of the Department of Agriculture |
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Chapter XLII - Rural Business-Cooperative Service and Rural Utilities Service, Department of Agriculture |
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Part 4290 - Rural Business Investment Company (“RBIC”) Program |
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Subpart L - Ending Operations as a RBIC |
§ 4290.1900 - Termination of participation as a RBIC.
Latest version.
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§ 4290.1900 Termination of participation as a RBIC.
You may not terminate your participation as a RBIC without the SecretaryAgency's prior written approval. Your request for approval must be accompanied by an offer of immediate repayment of all of your outstanding Leverage (including any prepayment penalties thereon), or by a plan satisfactory to the Secretary Agency for the orderly liquidation of the RBIC.