7 CFR 4290.460
§ 4290.460 Restrictions on Common Control or ownership of two (or more) RBICs.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 4290.460, § 4290.460 Restrictions on Common Control or ownership of two (or more) RBICs, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31523
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Full text
Without the Agency'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 RBIC; 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 RBIC.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.