{"data":{"id":"us/13-cfr-107.800","jurisdiction":"us","citation":"13 CFR 107.800","heading":"Financings in the form of Equity Securities.","body":"(a) You may purchase the Equity Securities of a Small Business. You may not, inadvertently or otherwise:\n(1) Become a general partner in any unincorporated business; or\n(2) Become jointly or severally liable for any obligations of an unincorporated business.\n(b) Definition. Equity Securities means stock of any class in a corporation, stock options, warrants, limited partnership interests in a limited partnership, membership interests in a limited liability company, or joint venture interests. If the Financing agreement contains debt-type acceleration provisions or includes redemption provisions, other than those permitted under § 107.850, the security will be considered a Debt Security for purposes of § 107.855 and § 107.1150(c)(1).","path":["Title 13—Business Credit and Assistance","CHAPTER I—SMALL BUSINESS ADMINISTRATION","PART 107—SMALL BUSINESS INVESTMENT COMPANIES","Subpart G—Financing of Small Businesses by Licensees"],"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":"d900a96b2a7d68610374ca55e7d30f4e1b8da3ae0591e39f46ffd6975051b4cf","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-107.760","next":"us/13-cfr-107.810"},"notice":"GroundRules: Original legal text. Not legal advice."}