GroundRules
7 CFR 4290.885: Disposition of assets to RBIC's Associates or to competitors of Portfolio Concerns.
Where this section sits in the code
- Title 7—Agriculture
- Subtitle B—Regulations of the Department of Agriculture
- CHAPTER XLII—RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTURE
- PART 4290—RURAL BUSINESS INVESTMENT COMPANY (“RBIC”) PROGRAM
- Subpart I—Financing of Enterprises by RBICs
Except with the Agency's prior written approval, you are not permitted to dispose of assets (including assets acquired in liquidation) to any Associate or to competitors of Portfolio Concerns if you have outstanding Leverage. 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.
Collected 2026-08-27T02:24:01Z. Source file · JSON