# Small Business Investment Companies
> **US Small Business Administration** · Final rule. · Published 2002-10-22 · Effective 2002-11-21 · 67 FR 64789
## Document
- **Document number:** 02-26546
- **Category:** final-rule
- **Agency:** US Small Business Administration
- **Federal Register citation:** 67 FR 64789
- **CFR reference:** 13 CFR 107
- **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
- [Federal Register document](https://www.federalregister.gov/documents/2002/10/22/02-26546/small-business-investment-companies)
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