Section 26-B230. ORGANIZATION WITHIN 3 YEARS

 

If the issuer was organized within the past 3 years otherwise than as the successor to one or more predecessors, the issuer shall furnish the following information:

 

(a)The names, addresses, and principal occupations for the past 5 years of the promoters; state the nature and amount of anything of value (including money, property, contracts, options, or rights of any kind) received or to be received by each promoter directly or indirectly from the issuer, and the nature and amount of any assets, services, or other consideration therefore received or to be received by the issuer;

 

(b)As to any assets acquired or to be acquired by the issuer from a promoter, the amount at which acquired or to be acquired and the principle followed or to be followed in determining the amount. Identify the persons making the determination and state their relationship, if any, with the issuer or any promoter. If the assets were acquired by the promoter within 2 years before their transfer to the issuer, state the cost of it to the promoter; and

 

(c)A description of any other material interest of a promoter in any material transaction with the issuer or any significant subsidiary effected or proposed to be effected.

 

source

Amended by Emergency Rulemaking published at 47 DCR 9910 (December 15, 2000) [EXPIRED]; as amended by Emergency Rulemaking published at 48 DCR 1987 (March 2, 2001) [EXPIRED]; as amended by Emergency and Proposed Rulemaking published at 48 DCR 3952 (May 4, 2001) [EXPIRED]; as amended by Emergency and Proposed Rulemaking published at 48 DCR 9177 (October 5, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 10879 (November 30, 2001).