Cal. Code Regs. tit. 10 § 260.140.115.1

Current through Register 2024 Notice Reg. No. 25, June 21, 2024

Section 260.140.115.1 - Minimum Capitalization

A non-specified property program shall provide for minimum gross proceeds from the offering of not less than $1,000,000 after payment of all organizational and offering expenses before it may commence business.

Cal. Code Regs. Tit. 10, § 260.140.115.1

1. Amendment filed 1-27-84; effective thirtieth day thereafter (Register 84, No. 4).
2. Amendment filed 5-18-92; operative 6-17-92 (Register 92, No. 22).
3. Editorial correction inserting "Non-specified property programs" subheading (Register 92, No. 34).

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.

1. Amendment filed 1-27-84; effective thirtieth day thereafter (Register 84, No. 4).
2. Amendment filed 5-18-92; operative 6-17-92 (Register 92, No. 22).
3. Editorial correction inserting "Non-specified property programs" subheading (Register 92, No. 34).