13 C.F.R. · Business Credit and Assistance
13 C.F.R. § 107.450

Notification to SBA of pledge of Licensee's shares.

Title 13 C.F.R. ● ACTIVE Primary Source
Regulatory Text

13 C.F.R. § 107.450 — Notification to SBA of pledge of Licensee's shares.

§ 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. (b) If the transaction creates a change of ownership or Control, you must comply with § 107.400 or § 107.410, as appropriate. Restrictions on Common Control or Ownership of Two or More Licensees

Source: ecfr.gov · govinfo.gov — public domain Official Source ↗
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Federation ID
BS-CFR13-SEC-8F34C8
Entity Class
REGULATION / FEDERAL-CFR-SECTION
Domain Signature
boisestandard.org
Citation
13 C.F.R. § 107.450
Corpus
CFR — Code of Federal Regulations
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✓ ACTIVE
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PRIMARY-SOURCE
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✓ TRUE
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ccd5bb98de2eea24...
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The regulatory text of 13 C.F.R. § 107.450 is reproduced from the official Code of Federal Regulations as published by the Office of the Federal Register and the National Archives and Records Administration.
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boisestandard.org United States Law CFR Title 13 13 C.F.R. § 107.450