13 C.F.R. § 126.202   Who does SBA consider to control a HUBZone SBC?


Title 13 - Business Credit and Assistance


Title 13: Business Credit and Assistance
PART 126—HUBZONE PROGRAM
Subpart B—Requirements to be a Qualified HUBZone SBC

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§ 126.202   Who does SBA consider to control a HUBZone SBC?

Control means both the day-to-day management and long-term decision-making authority for the HUBZone SBC. Many persons share control of a concern, including each of those occupying the following positions: officer, director, general partner, managing partner, managing member and manager. In addition, key employees who possess expertise or responsibilities related to the concern's primary economic activity may share significant control of the concern. SBA will consider the control potential of such key employees on a case by case basis.

[69 FR 29422, May 24, 2004]

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