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Small Business Investment Companies

SBA · final-rule · Published 2002-10-22 · Effective 2002-11-21 · 67 FR 64789

Document

Document number: 02-26546
Federal Register citation: 67 FR 64789
CFR reference: 13 CFR 107
Type: Rule
Action: Final rule.
Category: final-rule
Agency: US Small Business Administration
Publication date: 2002-10-22
Effective date: 2002-11-21

Abstract

This final rule allows a Small Business Investment Company (SBIC) to assume control over a small business concern, without notice to the SBA, and to retain such control for a period of up to seven years, or longer with SBA approval. The final rule also allows an SBIC to sell equity securities in a portfolio concern to a competitor of that portfolio concern.

Source

Authoritative: Federal Register document
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