NFBONational Federation of the Blind of Oregon (Springfield, OR)
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When a private equity fund (PEF), with more than 10 percent of its shares held by an NFBO as a limited partner (LP), wishes to become the largest shareholder of a bank or participate in its management by acquiring more than 4 percent of bank shares, the PEF's general partner (GP) is required to gain a pre-approval from the FSC.
The amended act exempts public pension funds from NFBO restrictions on the FSC's approval.
Although the NFBO was a short-lived organization nationally (1973-75), chapters in major cities remained together for years, including one in Chicago that survived until 1981.