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CVE Verification: Center for Verification and Evaluation has "Control" Issues

Posted by Joseph Whitcomb on Nov 11, 2013 9:09:43 PM

CVE Verification

Quorum Language

Regarding CVE verification, 38 CFR 74.3 (b) states:
(b) Ownership must be unconditional. Ownership by one or more veterans or service-disabled veterans must be unconditional ownership. Ownership must not be subject to conditions precedent, conditions subsequent, executory agreements, voting trusts, restrictions on assignments of voting rights, or other arrangements causing or potentially causing ownership benefits to go to another (other than after death or incapacity). The pledge or encumbrance of stock or other ownership interest as collateral, including seller-financed transactions, does not affect the unconditional nature of ownership if the terms follow normal commercial practices and the owner retains control absent violations of the terms. In particular, CVE will evaluate ownership according to the following criteria for specific types of small business concerns. http://www.va.gov/osdbu/docs/38CFR74.pdf

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Topics: SBA Bid Protest, Government Procurement, CVE verification, sdvosb, CVE sdvosb denial, government contracts attorney, SDVOSB, SDVOSB attorney, SDVOSB lawyer, SDVOSB status, SDVOSB status denial, service disabled veteran owned small business, CVE-Center for Verification and Eligibility, veteran control, veteran owned business, veteran owner control

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