{"data":{"id":"us/13-cfr-108.450","jurisdiction":"us","citation":"13 CFR 108.450","heading":"Notification to SBA of pledge of NMVC Company'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 § 108.400 or § 108.410, as appropriate.","path":["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"],"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":"036ece3393c29eae4d033a03697fd5c427b8a3b3716f22b9452b8a9fb9d8f51a","source_id":"us-cfr","stale":true,"prev":"us/13-cfr-108.440","next":"us/13-cfr-108.460"},"notice":"GroundRules: Original legal text. Not legal advice."}