Ohio Law Help
Date: Thu, 12/30/2010 - 21:35
I found something in the Ohio Revised Code that may be helpful......
Chapter 1315 ORC
1315.05 Continuing duties of licensees.
[URL="http://codes.ohio.gov/orc/1315.05"][/URL]
Each licensee, at all times, shall meet both of the following requirements:
(A) Be a legally established business entity that is capitalized separately and distinctly from every other legal entity and qualified to do business in this state;
(B) Have a minimum net worth of not less than five hundred thousand dollars, calculated according to generally accepted accounting principles, but excluding any assets that the superintendent of financial institutions disqualifies and including any off-balance sheet liabilities that the superintendent requires.
(C) No licensee shall fail to comply with this section.
Effective Date: 04-06-2007
Chapter 1315 ORC
1315.05 Continuing duties of licensees.
[URL="http://codes.ohio.gov/orc/1315.05"][/URL]
Each licensee, at all times, shall meet both of the following requirements:
(A) Be a legally established business entity that is capitalized separately and distinctly from every other legal entity and qualified to do business in this state;
(B) Have a minimum net worth of not less than five hundred thousand dollars, calculated according to generally accepted accounting principles, but excluding any assets that the superintendent of financial institutions disqualifies and including any off-balance sheet liabilities that the superintendent requires.
(C) No licensee shall fail to comply with this section.
Effective Date: 04-06-2007
You can get all the information regarding codes Ohio Revised Cod
You can get all the information regarding codes Ohio Revised Codes at ohio.gov/orc .
