La. Admin. Code tit. 10 § XIII-323
Current through Register Vol. 50, No. 11, November 20, 2024
Section XIII-323 - Requirements as to AppraisalsA. There shall be included as an exhibit in every application for registration of securities of an issuer under this law which: 1. has not been engaged in the business in which it is engaged for five years; or2. has not had a net profit in each of the last three years, an appraisal of the assets of the issuer as specified by the commissioner in each case prepared by a disinterested qualified person designated by the Commissioner of Securities. Such appraisal shall bear a dollar valuation as to the assets of the issuer and shall be prepared as of a date not more than 120 days prior to the date filed with the Commissioner of Securities.La. Admin. Code tit. 10, § XIII-323
Adopted by the Commissioner of Securities, November 9, 1971.AUTHORITY NOTE: Promulgated in accordance with R.S. 51:706.