Cal. Code Regs. tit. 10 § 260.140.114.4
Current through Register 2024 Notice Reg. No. 24, June 14, 2024
A program may pay a commission or fee to the sponsor in connection with any reinvestment provided the sum of such commission or fee and the acquisition fee received on the initial acquisition together do not exceed the limitations of Section 260.140.113.3 had the initial and subsequent purchase occurred simultaneously on a combined leverage basis not exceeding 80% of the purchase price of the properties.
Cal. Code Regs. Tit. 10, § 260.140.114.4
2. Amendment of section and heading filed 5-18-92; operative 6-17-92 (Register 92, No. 22).
Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.
2. Amendment of section and heading filed 5-18-92; operative 6-17-92 (Register 92, No. 22).