---
kind: "section"
citation: "13 C.F.R. § 108.450"
title: "13"
number: "108.450"
heading: "Notification to SBA of pledge of NMVC Company's shares."
url: "https://uscodex.org/cfr/13/108.450"
---

# §108.450. Notification to SBA of pledge of NMVC Company's shares.

- (a) You must notify SBA 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 are at least 10 percent of your Regulatory Capital.**
- (b) If the transaction creates a change of ownership or Control, you must comply with [§ 108.400](/cfr/13/108.400.md) or [§ 108.410](/cfr/13/108.410.md), as appropriate.

## Notes

### Authority

Authority: 15 U.S.C. 689-689q.

### Source

Source: 66 FR 28609, May 23, 2001, unless otherwise noted.