13 CFR 108.885 - Disposition of assets to NMVC Company's Associates.

Code of Federal Regulations - Title 13: Business Credit and Assistance (December 2005)


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TITLE 13 - BUSINESS CREDIT AND ASSISTANCE

CHAPTER I - SMALL BUSINESS ADMINISTRATION

PART 108 - NEW MARKETS VENTURE CAPITAL (''NMVC'') PROGRAM

subpart i - FINANCING OF SMALL BUSINESSES BY NMVC COMPANIES

108.885 - Disposition of assets to NMVC Company's Associates.

Except with SBA's prior written approval, you are not permitted to dispose of assets (including assets acquired in liquidation) to any Associate. 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.

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