Ohio Admin. Code 901:7-2-08

Current through all regulations passed and filed through November 4, 2024

Section 901:7-2-08 - Asset valuation

The following assets shall not be included or considered as assets for calculating the net worth and\or in determining if current assets exceed current liabilities of a licensee:

(A) Goodwill;

(B) Customer lists;

(C) Non-competition clauses;

(D) Trade names;

(E) Receivables other than trade receivables arising in the ordinary course of the handlers business due from any director, officer, manager, or employee of the handler;

(F) Receivables due from any related party or business of the handler; or

(G) Accounts receivables that are past due over one hundred eighty days. A schedule must be provided with the annual financial statement filing.

Ohio Admin. Code 901:7-2-08

Effective: 2/13/2023
Five Year Review (FYR) Dates: 11/29/2022 and 02/13/2028
Promulgated Under: 119.03
Statutory Authority: 926.02
Rule Amplifies: 926.10
Prior Effective Dates: 02/19/2008