Definition of terms.

CFR · 2024-01-01 · US · Title 7

(1)(i) An officer, director, employee or agent of a Corporate RBIC; (ii) A Control Person, employee or agent of a Partnership RBIC; (iii) A managing member of an LLC RBIC; (iv) An Investment Adviser/Manager of any RBIC, including any Person who contracts with a Control Person of a (v) Any Person regularly serving a RBIC on retainer in the capacity of attorney at law. (2) Any Person who owns or controls, or who has entered into an agreement to own or control, directly or indirectly, at least 10 percent of any class of stock of a Corporate RBIC or 10 percent of the membership interests of an LLC RBIC, or a limited partner's interest of at least 10 percent of the partnership capital of a Partnership RBIC. However, neither a limited partner in a Partnership RBIC nor a non-managing member in an LLC RBIC is considered an Associate if such Person is an Entity Institutional Investor whose investment in the Partnership, including commitments, represents no more than 33 percent of the capital of the RBIC and no more than five percent of such Person's net worth. (3) Any officer, director, partner (other than a limited partner), manager, agent, or employee of any Associate described in paragraph (1) or (2) of this definition. (4) Any Person that directly or indirectly Controls, or is Controlled by, or is under Common Control with, a RBIC. (5) Any Person that directly or indirectly Controls, or is Controlled by, or is under Common Control with, any Person described in paragraphs (1) and (

official document · source cfr-2024 · id 7:§ 4290.50