13 CFR § 108.400 - Changes in ownership of 10 percent or more of NMVC Company but no change of Control.
---
identifier: "/us/cfr/t13/s108.400"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 108.400 - Changes in ownership of 10 percent or more of NMVC Company but no change of Control."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "108.400"
section_name: "Changes in ownership of 10 percent or more of NMVC Company but no change of Control."
chapter_name: "SMALL BUSINESS ADMINISTRATION"
part_number: "108"
part_name: "NEW MARKETS VENTURE CAPITAL (“NMVC”) PROGRAM"
positive_law: false
currency: "2026-03-24"
last_updated: "2026-03-24"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 689-689q."
regulatory_source: "66 FR 28609, May 23, 2001, unless otherwise noted."
cfr_part: "108"
---
# 108.400 Changes in ownership of 10 percent or more of NMVC Company but no change of Control.
You must obtain SBA'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.