13 C.F.R. § 107.250 Exclusion of stock options issued by Licensee from Management Expenses.
Title 13 - Business Credit and Assistance
Stock options issued by any Licensee, including a 1940 or 1980 Act Company, are not considered compensation and therefore do not count as part of a Licensee's Management Expenses.
Title 13: Business Credit and Assistance
PART 107—SMALL BUSINESS INVESTMENT COMPANIES
Subpart C—Qualifying for an SBIC License
Capitalizing an SBIC
§ 107.250 Exclusion of stock options issued by Licensee from Management Expenses.
