13 C.F.R. § 107.1430 Redeeming 4 percent Preferred Securities with proceeds of non-subsidized Debentures.
Title 13 - Business Credit and Assistance
If SBA approves, a Section 301(d) Licensee may use the proceeds of a Debenture to redeem Preferred Securities at their mandatory redemption date, including any accrued unpaid dividends or partnership distributions. [61 FR 3189, Jan. 31, 1996, as amended at 63 FR 5869, Feb. 5, 1998]
Title 13: Business Credit and Assistance
PART 107—SMALL BUSINESS INVESTMENT COMPANIES
Subpart I—SBA Financial Assistance for Licensees (Leverage)
Preferred Securities Leverage—Section 301(d) Licensees
§ 107.1430 Redeeming 4 percent Preferred Securities with proceeds of non-subsidized Debentures.
