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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 13 - Business Credit and Assistance |
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Chapter I - Small Business Administration |
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Part 107 - Small Business Investment Companies |
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Subpart I - SBA Financial Assistance for Licensees (Leverage) |
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Preferred Securities Leverage - Section 301(D) Licensees |
§ 107.1430 - Redeeming 4 percent Preferred Securities with proceeds of non-subsidized Debentures.
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§ 107.1430 Redeeming 4 percent Preferred Securities with proceeds of non-subsidized Debentures.
If SBA approves, a Section 301(d) Licensee may use the proceeds of a Debenture to redeem Preferred Securities at their mandatory redemption date, including any accrued unpaid dividends or partnership distributions.
[61 FR 3189, Jan. 31, 1996, as amended at 63 FR 5869, Feb. 5, 1998]