25 C.F.R. § 502.17 Person having a direct or indirect financial interest in a management contract.
Title 25 - Indians
Person having a direct or indirect financial interest in a management contract means: (a) When a person is a party to a management contract, any person having a direct financial interest in such management contract; (b) When a trust is a party to a management contract, any beneficiary or trustee; (c) When a partnership is a party to a management contract, any partner; (d) When a corporation is a party to a management contract, any person who is a director or who holds at least 10% of the issued and outstanding stock alone or in combination with another stockholder who is a spouse, parent, child or sibling; or (e) When an entity other than a natural person has an interest in a trust, partnership or corporation that has an interest in a management contract, all parties of that entity are deemed to be persons having a direct financial interest in a management contract.
Title 25: Indians
PART 502—DEFINITIONS OF THIS CHAPTER
§ 502.17 Person having a direct or indirect financial interest in a management contract.
