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CFR › Title 13 › Chapter I › Part 107 › Subpart E › Section 107.510

13 CFR 107.510 - SBA approval of Licensee's Investment Adviser/Manager.

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§ 107.510 SBA approval of Licensee's Investment Adviser/Manager.
You may employ an Investment Adviser/Manager who will be subject to the supervision of your board of directors or general partner. If you have Leverage or plan to seek Leverage, you must obtain SBA's prior written approval of the management contract. SBA's approval of an Investment Adviser/Manager for one Licensee does not indicate approval of that manager for any other Licensee.
(a) Management contract. The contract must:
(1) Specify the services the Investment Adviser/Manager will render to you and to the Small Businesses in your Portfolio; and
(2) Indicate the basis for computing Management Expenses.
(b) Material change to approved management contract. If there is a material change, both you and SBA must approve such change in advance. If you are uncertain if the change is material, submit the proposed revision to SBA.

Title 13 published on 2013-01-01

no entries appear in the Federal Register after this date.

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

United States Code
USC : Title 15 - COMMERCE AND TRADE

§ 681 - Organization

§ 682 - Capital requirements

§ 683 - Borrowing operations

§ 684 - Equity capital for small-business concerns

§ 685 - Long-term loans to small-business concerns

§ 686 - Aggregate limitations on amount of assistance to any single enterprise

§ 687 - Operation and regulation of companies

§ 687a - Revocation and suspension of licenses; cease and desist orders

§ 687b - Investigations and examinations; power to subpena and take oaths and affirmations; aid of courts; examiners; reports

§ 687c - Injunctions and other orders

§ 687d - Conflicts of interest

§ 687e - Removal or suspension of management officials

§ 687f - Unlawful acts and omissions by officers, directors, employees, or agents

§ 687g - Penalties and forfeitures

§ 687h - Jurisdiction and service of process

§ 687i, 687j - Repealed.

§ 687k - Guaranteed obligations not eligible for purchase by Federal Financing Bank

15 USC § -

§ 687m - Periodic issuance of guarantees and trust certificates

§ 688 - Repealed.

Statutes at Large

114 Stat. 2763

123 Stat. 115