Section 228.204 - Continuation of Classification As Qualified Business; Follow-On Investments Authorized(a) A business that is classified as a qualified business at the time of the first investment in the business by a certified capital company: (1) remains classified as a qualified business; and(2) may receive follow-on investments from any certified capital company.(b) Except as provided by Subsection (c), a follow-on investment made under Subsection (a) is a qualified investment even though the business may not meet the definition of a qualified business at the time of the follow-on investment.(c) A follow-on investment does not qualify as a qualified investment if, at the time of the follow-on investment, the qualified business no longer has the business's principal business operations in this state.Added by Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 1B.001, eff. 4/1/2009.