§ 180.315. May I use the services of an excluded person as a principal under a covered transaction?
108 words·~1 min read·
/us/cfr/t2/s§ 180.315·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)As a participant, you may continue to use the services of an excluded person as a principal under a covered transaction if you were using that person's services in the transaction before the person was excluded. However, you are not required to continue using that person's services as a principal. You should decide whether to discontinue that person's services only after a thorough review to ensure that the action is proper and appropriate.
(b)You may not begin to use the services of an excluded person as a principal under a covered transaction unless the Federal agency responsible for the transaction grants an exception under § 180.135.