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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 G - Financing of Small Businesses by Licensees |
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Limitations on Disposition of Assets |
§ 107.885 - Disposition of assets to Licensee's Associates or to competitors of Portfolio Concern.
Latest version.
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§ 107.885 Disposition of assets to Licensee's Associates or to competitors of Portfolio Concern.
Sale of assets to Associate. Except with SBA's prior written approval, you are not permitted to dispose of assets (including assets acquired in liquidation) to any Associate if you have outstanding Leverage or Earmarked Assets. As a prerequisite to such approval, you must demonstrate that the proposed terms of disposal are at least as favorable to you as the terms obtainable elsewhere.
[61 FR 3189, Jan. 31, 1996, as amended at 67 FR 64791, Oct. 22, 2002]