Sec. 228.102. QUALIFICATION

Latest version.

To qualify as a certified capital company:
(1) the applicant must have, at the time of application for certification, an equity capitalization of at least $500,000 in unencumbered cash or cash equivalents;
(2) at least two principals or persons employed to manage the funds of the applicant must have at least four years of experience in the venture capital industry; and
(3) the applicant must satisfy any additional requirement imposed by the comptroller by rule.

Added by Acts 2007, 80th Leg., R.S., Ch. 730 , Sec. 1B.001, eff. April 1, 2009.

                    
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