{"data":{"id":"us/13-cfr-107.450","jurisdiction":"us","citation":"13 CFR 107.450","heading":"Notification to SBA of pledge of Licensee's shares.","body":"(a) You must notify SBA in writing, within 30 calendar days, of the terms of any transaction in which:\n(1) Any Person, or group of Persons acting in concert, pledges shares of your stock (or equivalent ownership interests) as collateral for indebtedness; and\n(2) The shares pledged are at least 10 percent of your Regulatory Capital.\n(b) If the transaction creates a change of ownership or Control, you must comply with § 107.400 or § 107.410, as appropriate.","path":["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"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-13.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:18Z","sha256":"6ee0fcab8db3565812f7a22084bcdcf3549eb5a972c5b56be9168d05fc6d02fb","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-107.440","next":"us/13-cfr-107.460"},"notice":"GroundRules: Original legal text. Not legal advice."}