7 C.F.R. § 4290.450

Current through October 31, 2024
Section 4290.450 - Notification of pledge of RBIC's shares
(a) You must notify the Agency 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 constitute at least 10 percent of your Regulatory Capital.
(b) If the transaction creates a change of ownership or Control, you must comply with § 4290.400 or § 4290.410 , as appropriate.

7 C.F.R. §4290.450