§ 107.885. Disposition of assets to Licensee's Associates or to competitors of Portfolio Concern.
77 words·~1 min read·
/us/cfr/t13/s§ 107.885·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sale of assets to Associate. Except with SBA's prior written approval, you are not permitted to dispose of assets (including assets acquired in liquidation) to any Associate if you have outstanding Leverage or Earmarked Assets. As a prerequisite to such approval, you must demonstrate that the proposed terms of disposal are at least as favorable to you as the terms obtainable elsewhere. \[61 FR 3189, Jan. 31, 1996, as amended at 67 FR 64791, Oct. 22, 2002\]