AB579-AA9,1,86
560.31
(2) (b)
The At the time of application and on the date on which the person
7is certified, the person has a net worth
, at the time of application, of at least $500,000
8and
has at least $500,000 in cash, cash equivalents
, and marketable securities.".
AB579-AA9,2,312
560.32
(4) Prohibition on returning initial investments. (a) Except as
13provided in par. (b), a person that is certified as a certified capital company under s.
1560.31 may not return to investors investments that were made in the certified
2capital company prior to its certification for the purpose of enabling the person to
3meet the requirements under s. 560.31 (2) (b).
AB579-AA9,2,74
(b) Paragraph (a) does not apply to an investment made in a certified capital
5company prior to its certification if compliance with par. (a) would impair any
6provision of a contract between the certified capital company and the investor that
7was entered into before the effective date of this paragraph .... [revisor inserts date].".