13 CFR 107.120 - Special rules for a Section 301(d) Licensee owned by another Licensee.

§ 107.120 Special rules for a Section 301(d) Licensee owned by another Licensee.
With SBA's prior written approval, a Section 301(d) Licensee may operate as the subsidiary of one or more Licensees (participant Licensees), subject to the following:
(a) Each participant Licensee must own at least 20 percent of the voting securities of theSection 301(d) Licensee.
(b) A participant Licensee must treat its entire capital contribution to the subsidiary as a reduction of its Leverageable Capital. The participant Licensee's remaining Leverageable Capital must be sufficient to support its outstanding Leverage.
(c) A participant Licensee may not transfer its Leverage to a subsidiarySection 301(d) Licensee.
[63 FR 5865, Feb. 5, 1998]

Title 13 published on 2015-01-01.

No entries appear in the Federal Register after this date, for 13 CFR Part 107.

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.

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United States Code
Statutes at Large

Title 13 published on 2015-01-01

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 13 CFR Part 107 after this date.

  • 2015-03-18; vol. 80 # 52 - Wednesday, March 18, 2015
    1. 80 FR 14034 - Small Business Investment Companies—Early Stage
      GPO FDSys XML | Text
      SMALL BUSINESS ADMINISTRATION
      Advance Notice of Proposed Rulemaking (ANPRM).
      Comments must be received on or before May 18, 2015.
      13 CFR Part 107