12 CFR 1805.401 - Forms of investment instruments.
(a) Equity. The Fund may make nonvoting equity investments in an Awardee, including, without limitation, the purchase of nonvoting stock. Such stock shall be transferable and, in the discretion of the Fund, may provide for convertibility to voting stock upon transfer. The Fund shall not own more than 50 percent of the equity of an Awardee and shall not control its operations.
(b) Grants. The Fund may award grants.
(c) Loans. The Fund may make loans, if permitted by applicable law.
Title 12 published on 2014-01-01
no entries appear in the Federal Register after this date.