---
kind: "section"
citation: "7 C.F.R. § 4290.450"
title: "7"
number: "4290.450"
heading: "Notification of pledge of RBIC's shares."
url: "https://uscodex.org/cfr/7/4290.450"
---

# §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](/cfr/7/4290.400.md) or [§ 4290.410](/cfr/7/4290.410.md), as appropriate.

## Notes

### Authority

Authority: 7 U.S.C. 1989 and 2009cc et seq.

### Source

Source: 69 FR 32204, June 8, 2004, unless otherwise noted.