§4290.450. Notification of pledge of RBIC's shares.
7 C.F.R. § 4290.450
You must notify the Agency in writing, within 30 calendar days, of the terms of any transaction in which:
Any Person, or group of Persons acting in concert, pledges shares of your stock (or equivalent ownership interests) as collateral for indebtedness; and
The shares pledged constitute at least 10 percent of your Regulatory Capital.
If the transaction creates a change of ownership or Control, you must comply with § 4290.400 or § 4290.410, as appropriate.
Notes, amendments, and revision history
Authority
Authority: 7 U.S.C. 1989 and 2009cc et seq.
Source
Source: 69 FR 32204, June 8, 2004, unless otherwise noted.