Code of Federal Regulations (Last Updated: April 5, 2024) |
Title 13 - Business Credit and Assistance |
Chapter I - Small Business Administration |
Part 108 - New Markets Venture Capital (“NMVC”) Program |
Subpart F - Changes in Ownership, Structure, or Control |
Changes in Control or Ownership of NMVC Company |
§ 108.450 - Notification to SBA of pledge of NMVC Company's shares.
Latest version.
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§ 108.450 Notification to SBA of pledge of NMVC Company'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.