1. Regulations
  2. title 24
  3. chapter IV
  4. part 401
  5. subpart B
  6. § 401.301

View all text of Subpart B [§ 401.200 - § 401.314]

§ 401.301 - Partnership arrangements.

If the PAE is in a partnership, the PRA must specify the following:

(a) The responsibilities of each partner regarding the Restructuring Plan;

(b) The resources each partner will provide to accomplish its designated responsibilities; and

(c) All compensation to each partner, whether direct or indirect.

AUTHORITY: 12 U.S.C. 1715z-1 and 1735f-19(b); 42 U.S.C. 1437(c)(8), 1437f(t), 1437f note, and 3535(d).

SOURCE: 65 FR 15485, Mar. 22, 2000, unless otherwise noted.

CITE AS: 24 CFR 401.301