108.450—Notification to SBA of pledge of NMVC Company's shares.
(a)
You must notify SBA in writing, within 30 calendar days, of the terms of any transaction in which:
(1)
Any Person, or group of Persons acting in concert, pledges shares of your stock (or equivalent ownership interests) as collateral for indebtedness; and
(b)
If the transaction creates a change of ownership or Control, you must comply with § 108.400 or § 108.410, as appropriate.