Statutes, codes, and regulations
Code of Federal Regulations
Title 13 - BUSINESS CREDIT AND ASSISTANCEChapter I - SMALL BUSINESS ADMINISTRATIONPart 107 - SMALL BUSINESS INVESTMENT COMPANIESSubpart G - FINANCING OF SMALL BUSINESSES BY LICENSEES
LIMITATIONS ON DISPOSITION OF ASSETS
Section 107.885 - Disposition of assets to Licensee's Associates or to competitors of Portfolio Concern

13 C.F.R. § 107.885

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Current through April 30, 2024
Section 107.885 - Disposition of assets to Licensee's Associates or to competitors of Portfolio Concern

Sale of assets to Associate. Except with SBA's prior written approval, you are not permitted to dispose of assets (including assets acquired in liquidation) to any Associate if you have outstanding Leverage or Earmarked Assets. As a prerequisite to such approval, you must demonstrate that the proposed terms of disposal are at least as favorable to you as the terms obtainable elsewhere.

13 C.F.R. §107.885

61 FR 3189, Jan. 31, 1996, as amended at 67 FR 64791, Oct. 22, 2002