13 CFR § 108.460 - Restrictions on Common Control or ownership of two (or more) NMVC Companies.
---
identifier: "/us/cfr/t13/s108.460"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "13 CFR § 108.460 - Restrictions on Common Control or ownership of two (or more) NMVC Companies."
title_number: 13
title_name: "Business Credit and Assistance"
section_number: "108.460"
section_name: "Restrictions on Common Control or ownership of two (or more) NMVC Companies."
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"
---
# 108.460 Restrictions on Common Control or ownership of two (or more) NMVC Companies.
Without SBA's prior written approval, you must not have an officer, director, manager, Control Person, or owner (with a direct or indirect ownership interest of at least 10 percent) who is also:
(a) An officer, director, manager, Control Person, or owner (with a direct or indirect ownership interest of at least 10 percent) of another NMVC Company; or
(b) An officer or director of any Person that directly or indirectly controls, or is controlled by, or is under Common Control with, another NMVC Company.