13 CFR 108.450
§ 108.450 Notification to SBA of pledge of NMVC Company's shares.
United States · 13 CFR — Business Credit and Assistance · Status: effective
Cite this
- Citation
- 13 CFR 108.450, § 108.450 Notification to SBA of pledge of NMVC Company's shares, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/51746
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Full text
(a) You must notify SBA in writing, within 30 calendar days, of the terms of any transaction in which:
(1) Any Person, or group of Persons acting in concert, pledges shares of your stock (or equivalent ownership interests) as collateral for indebtedness; and
(2) The shares pledged are at least 10 percent of your Regulatory Capital.
(b) If the transaction creates a change of ownership or Control, you must comply with § 108.400 or § 108.410, as appropriate.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.