GroundRules
13 CFR 108.460: Restrictions on Common Control or ownership of two (or more) NMVC Companies.
Where this section sits in the code
- 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
Without SBA's prior written approval, you must not have an officer, director, manager, Control Person, or owner (with a direct or indirect ownership interest of at least 10 percent) who is also:
(a) An officer, director, manager, Control Person, or owner (with a direct or indirect ownership interest of at least 10 percent) of another NMVC Company; or
(b) An officer or director of any Person that directly or indirectly controls, or is controlled by, or is under Common Control with, another NMVC Company.
Collected 2026-08-27T02:24:18Z. Source file · JSON