7 CFR 4290.885

§ 4290.885 Disposition of assets to RBIC's Associates or to competitors of Portfolio Concerns.

United States · 7 CFR — Agriculture · Status: effective

Cite this

Citation: 7 CFR 4290.885, § 4290.885 Disposition of assets to RBIC's Associates or to competitors of Portfolio Concerns, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31570
Permanent ID: ys:prov:31570@1
SHA-256: c3ad62576e76d2629498db89b5f30915e00af0f00876d7372345f6d4540026d4

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Full text

Except with the Agency's prior written approval, you are not permitted to dispose of assets (including assets acquired in liquidation) to any Associate or to competitors of Portfolio Concerns if you have outstanding Leverage. As a prerequisite to such approval, you must demonstrate that the proposed terms of disposal are at least as favorable to you as the terms obtainable elsewhere.

Legislative history

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