GroundRules
13 CFR 107.450: Notification to SBA of pledge of Licensee's shares.
Where this section sits in the code
- 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
(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.
Collected 2026-08-27T02:24:18Z. Source file · JSON