7 C.F.R. § 4290.460

Restrictions on Common Control or ownership of two (or more) RBICs.

Last amended: 2020Year: 2026Length: 83 wordsSubsections: 2Official source

Cite as 7 C.F.R. § 4290.460 (2026)

Without the Agency'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 RBIC; 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 RBIC.
7 C.F.R. § 4290.460: Restrictions on Common Control or ownership of two (or more) RBICs. | Justis AI