7 CFR 4290.460 - Restrictions on Common Control or ownership of two (or more) RBICs.

Regulations last checked for updates: Nov 24, 2024

Title 7 - Agriculture last revised: Nov 20, 2024

View all text of Subpart F [§ 4290.400 - § 4290.480]

§ 4290.460 - Restrictions on Common Control or ownership of two (or more) RBICs.

Without the Agency'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 RBIC; 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 RBIC.

authority: 7 U.S.C. 1989 and 2009cc

source: 69 FR 32204, June 8, 2004, unless otherwise noted.

cite as: 7 CFR 4290.460