13 CFR 107.1410 - Requirement to redeem 4 percent Preferred Securities.

Regulations last checked for updates: Oct 17, 2024

Title 13 - Business Credit and Assistance last revised: Oct 01, 2024

§ 107.1410 - Requirement to redeem 4 percent Preferred Securities.

You must redeem 4 percent Preferred Securities not later than 15 years from the date of issuance. At the redemption date, you must pay to SBA:

(a) The par value (of preferred stock) or face value (of a preferred limited partnership interest); plus

(b) Any unpaid dividends or partnership distributions accrued to the redemption date.

authority: 15 U.S.C. 662,681,687b,687k

source: 61 FR 3189, Jan. 31, 1996, unless otherwise noted.

cite as: 13 CFR 107.1410