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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 108 - New Markets Venture Capital (“NMVC”) Program |
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Subpart I - Financing of Small Businesses by NMVC Companies |
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Limitations on Disposition of Assets |
§ 108.885 - Disposition of assets to NMVC Company's Associates.
Latest version.
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§ 108.885 Disposition of assets to NMVC Company's Associates.
Except with SBA's prior written approval, you are not permitted to dispose of assets (including assets acquired in liquidation) to any Associate. 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.