Code of Federal Regulations Title 7. Agriculture § 7.1717.617 Limitations on distributions

(a) After giving effect to the distribution, the borrower's equity will be greater than or equal to 30 percent of its total assets;

(b) The borrower is current on all payments due on all notes secured under the mortgage;

(c) The borrower is not otherwise in default under its loan documents;  and

(d) After giving effect to the distribution, the borrower's current and accrued assets will be not less than its current and accrued liabilities.