Optional redemption of Preferred Securities.

CFR · 2024-01-01 · US · Title 13

(a) (1) The par value (of preferred stock) or face value (of a preferred limited partnership interest); plus (2) Any unpaid dividends or partnership distributions accrued to the redemption date. (b) (1) Approve or disapprove the sale. (2) Determine the sale price after considering any factors SBA considers appropriate. (3) Determine the form of payment SBA will accept. SBA is not authorized to accept the proceeds of a subsidized Debenture as payment.

official document · source cfr-2024 · id 13:§ 107.1450