Rule 590-4-9-.13 - Statement of Net Worth(1) For purposes of claiming exemption from the prohibitions contained in Code Section 10-5A-2, a person engaged in business as a bullion or precious metals dealer having and maintaining a net worth of at least $500,000.00 shall file with the Commissioner a sworn statement that such person meets the minimum net worth requirement and that such person will notify the Commissioner immediately in the event his or her net worth falls below $500,000.00.(2) Said statement shall contain the name and address of the claimant as well as the name and address of a person located in this State and designated by the claimant as its agent for service of process in Georgia. The person submitting the sworn statement shall attach an audited financial statement (including balance sheet; income statement; and statement of cash flows) prepared in accordance with generally accepted accounting principles and accompanied by an auditor's report containing the opinion of an independent certified public accountant that the claimant has a net worth of at least $500,000.00. Said statement shall be accompanied by the published filing fee when submitted to the Commissioner.Ga. Comp. R. & Regs. R. 590-4-9-.13
O.C.G.A. Sec. 10-5A-3.
Original Rule entitled "Statement of Net Worth" adopted. F. June 10, 1988; eff. July 1, 1988, as specified by the Agency.Repealed: New Rule of same title adopted. F. Dec. 21, 2004; eff. Jan. 10, 2005.