7 CFR 4287.133

§ 4287.133 Sale of corporate stock.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 4287.133, § 4287.133 Sale of corporate stock, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31385
Permanent ID: ys:prov:31385@1
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Full text

Any sale or transfer of corporate stock must be approved by the Agency in writing and must be to an eligible individual or entity in accordance with § 4279.108(a) and 4279.108(b) of this chapter. In the event a portion of the borrower's stock is sold or transferred, the Agency may require personal or corporate guarantees from those then owning a 20 percent or more interest in the borrower in accordance with § 4279.132 of this chapter.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.