13 C.F.R. § 108.450 Notification to SBA of pledge of NMVC Company's shares.
Title 13 - Business Credit and Assistance
(a) You must notify SBA in writing, within 30 calendar days, of the terms of any transaction in which: (1) Any Person, or group of Persons acting in concert, pledges shares of your stock (or equivalent ownership interests) as collateral for indebtedness; and (2) The shares pledged are at least 10 percent of your Regulatory Capital. (b) If the transaction creates a change of ownership or Control, you must comply with §108.400 or §108.410, as appropriate.
Title 13: Business Credit and Assistance
PART 108—NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM
Subpart F—Changes in Ownership, Structure, or Control
Changes in Control or Ownership of NMVC Company
§ 108.450 Notification to SBA of pledge of NMVC Company's shares.
