Notification to SBA of pledge of NMVC Company's shares.

CFR · 2024-01-01 · US · Title 13

(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.

official document · source cfr-2024 · id 13:§ 108.450