Statutes, codes, and regulations
Code of Federal Regulations
Title 7 - AGRICULTURESubtitle B - REGULATIONS OF THE DEPARTMENT OF AGRICULTUREChapter XLII - RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTUREPart 4290 - RURAL BUSINESS INVESTMENT COMPANY ("RBIC") PROGRAMSubpart I - FINANCING OF ENTERPRISES BY RBICS
LIMITATIONS ON DISPOSITION OF ASSETS
Section 4290.885 - Disposition of assets to RBIC's Associates or to competitors of Portfolio Concerns

7 C.F.R. § 4290.885

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Current through September 30, 2024
Section 4290.885 - Disposition of assets to RBIC's Associates or to competitors of Portfolio Concerns

Except with the Agency's prior written approval, you are not permitted to dispose of assets (including assets acquired in liquidation) to any Associate or to competitors of Portfolio Concerns if you have outstanding Leverage. 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.

7 C.F.R. §4290.885