90-10-306. Restrictions on investment. The designated investor group may not, without permission of the board, invest:
     (1) more than 25% of the Montana equity fund or the Montana evergreen fund in any one company, that company's affiliates, and that company's subsidiaries; or
     (2) in a business venture if the designated investor group's investment in combination with other investments by investors in the Montana equity fund exceeds 49% of the business venture's ownership at the time of the investment decision.

     History: En. Sec. 11, Ch. 537, L. 2005.