7 CFR § 4290.400 - Changes in ownership of 10 percent or more of RBIC but no change of Control.

---
identifier: "/us/cfr/t7/s4290.400"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "7 CFR § 4290.400 - Changes in ownership of 10 percent or more of RBIC but no change of Control."
title_number: 7
title_name: "Agriculture"
section_number: "4290.400"
section_name: "Changes in ownership of 10 percent or more of RBIC but no change of Control."
chapter_name: "RURAL BUSINESS-COOPERATIVE SERVICE, DEPARTMENT OF AGRICULTURE"
part_number: "4290"
part_name: "RURAL BUSINESS INVESTMENT COMPANY (“RBIC”) PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1989 and 2009cc"
regulatory_source: "69 FR 32204, June 8, 2004, unless otherwise noted."
cfr_part: "4290"
---


# 4290.400 Changes in ownership of 10 percent or more of RBIC but no change of Control.

You must obtain the Agency's prior written approval for any proposed transfer or issuance of ownership interests that results in the ownership (beneficial or of record) by any Person, or group of Persons acting in concert, of at least 10 percent of any class of your stock, partnership capital or membership interests.