You must notify SBA in writing, within 30 calendar days, of the terms of any transaction in which:
Any Person, or group of Persons acting in concert, pledges shares of your stock (or equivalent ownership interests) as collateral for indebtedness; and
The shares pledged are at least 10 percent of your Regulatory Capital.
If the transaction creates a change of ownership or Control, you must comply with § 107.400 or § 107.410, as appropriate.
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