Code of Federal Regulations (Last Updated: February 15, 2024) |
Title 13 - Business Credit and Assistance |
Chapter I - Small Business Administration |
Part 107 - Small Business Investment Companies |
Subpart D - Changes in Ownership, Control, or Structure of Licensee; Transfer of License |
Changes in Control or Ownership of Licensee |
§ 107.450 - Notification to SBA of pledge of Licensee's shares.
Latest version.
-
§ 107.450 Notification to SBA of pledge of Licensee's shares.
(a) You must notify SBA in writing, within 30 calendar days, of the terms of any transaction in which:
(1) Any Person, or group of Persons acting in concert, pledges shares of your stock (or equivalent ownership interests) as collateral for indebtedness; and
(2) The shares pledged are at least 10 percent of your Regulatory Capital.