90-8-302. Restriction on investment. - Montana Statutes

     90-8-302. Restriction on investment. In addition to the requirements of 90-8-301, no more than 50% of the equity raised by a Montana capital company or by a Montana small business investment capital company subject to any lower percentage prescribed by the regulations promulgated by the United States small business administration that govern small business investment companies may be invested in any one business, and no more than 25% of the total funds raised for which tax credits were claimed pursuant to the investment credit provisions of this chapter may be invested in any one business.

     History: En. Sec. 9, Ch. 554, L. 1983; amd. Sec. 6, Ch. 708, L. 1989; amd. Sec. 10, Ch. 263, L. 1991; amd. Sec. 9, Ch. 410, L. 1999.