---
kind: "section"
citation: "7 C.F.R. § 4290.460"
title: "7"
number: "4290.460"
heading: "Restrictions on Common Control or ownership of two (or more) RBICs."
url: "https://uscodex.org/cfr/7/4290.460"
---

# §4290.460. Restrictions on Common Control or ownership of two (or more) RBICs.


Without the Agency's prior written approval, you must not have an officer, director, manager, Control Person, or owner (with a direct or indirect ownership interest of at least 10 percent) who is also:

- (a) An officer, director, manager, Control Person, or owner (with a direct or indirect ownership interest of at least 10 percent) of another RBIC; or
- (b) An officer or director of any Person that directly or indirectly controls, or is controlled by, or is under Common Control with, another RBIC.

## Notes

### Authority

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

### Source

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