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13 C.F.R. § 108.460   Restrictions on Common Control or ownership of two (or more) NMVC Companies.

Title 13 - Business Credit and Assistance

Title 13: Business Credit and Assistance
PART 108—NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM
Subpart F—Changes in Ownership, Structure, or Control
Restrictions on Common Control or Ownership of Two or More NMVC Companies

§ 108.460   Restrictions on Common Control or ownership of two (or more) NMVC Companies.

Without SBA's prior written approval, you must not have an officer, director, manager, Control Person, or owner (with a direct or indirect ownership interest of at least 10 percent) who is also:

(a) An officer, director, manager, Control Person, or owner (with a direct or indirect ownership interest of at least 10 percent) of another NMVC Company; or

(b) An officer or director of any Person that directly or indirectly controls, or is controlled by, or is under Common Control with, another NMVC Company.