Section 280.602 - Interim Reports(a) Every capital access company shall file a report within 15 days from a determination that it has negative working capital or that its tangible net worth is reduced by 120% of its minimum tangible net worth as specified in Corporations Code Section 28152. See also Rule 280.450(g). The report shall include the capital access company's most recent financial statements prepared as of that month.(b) The report required by subsection (a) shall be prepared as of a date within the 15-day period set forth in subsection (a). Additional reports shall be filed in the same form within 10 days of the close of each monthly accounting period until three consecutive months have elapsed in which the conditions specified in subsection (a) that required the filing of the report under subsection (a) no longer exist.Cal. Code Regs. Tit. 10, § 280.602
1. New section filed 6-24-99; operative 7-1-99 pursuant to Government Code section 11343.4(d) (Register 99, No. 26). Note: Authority cited: Section 28951, Corporations Code. Reference: Section 28502, Corporations Code.
1. New section filed 6-24-99; operative 7-1-99 pursuant to Government Code section 11343.4(d) (Register 99, No. 26).