13 C.F.R. § 107.450 Notification to SBA of pledge of Licensee's shares.
Title 13 - Business Credit and Assistance
(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 §107.400 or §107.410, as appropriate.
Title 13: Business Credit and Assistance
PART 107—SMALL BUSINESS INVESTMENT COMPANIES
Subpart D—Changes in Ownership, Control, or Structure of Licensee; Transfer of License
Changes in Control or Ownership of Licensee
§ 107.450 Notification to SBA of pledge of Licensee's shares.
