Notification to SBA of pledge of Licensee's shares.

13 C.F.R. § 107.450
in effectEffective: 2024-07-01
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(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.

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