13 CFR 108.460 - Restrictions on Common Control or ownership of two (or more) NMVC Companies.

Regulations last checked for updates: Nov 25, 2024

Title 13 - Business Credit and Assistance last revised: Nov 20, 2024

View all text of Subpart F [§ 108.400 - § 108.470]

§ 108.460 - Restrictions on Common Control or ownership of two (or more) NMVC Companies.

Without SBA's prior written approval, you must not have an officer, director, manager, Control Person, or owner (with a direct or indirect ownership interest of at least 10 percent) who is also:

(a) An officer, director, manager, Control Person, or owner (with a direct or indirect ownership interest of at least 10 percent) of another NMVC Company; or

(b) An officer or director of any Person that directly or indirectly controls, or is controlled by, or is under Common Control with, another NMVC Company.

authority: 15 U.S.C. 689-689q.

source: 66 FR 28609, May 23, 2001, unless otherwise noted.

cite as: 13 CFR 108.460