90-8-204. Application requirements. A company applying to become either a certified or qualified Montana capital company or the certified or qualified Montana small business investment capital company shall include in its application evidence that it has disclosed or will disclose to all investors the following:
     (1) the condition that a tax credit is not available for investment in a company until the company has been designated a qualified Montana capital company or the qualified Montana small business investment capital company and the investor has received a certificate approving the credit from the department;
     (2) the condition that a tax credit will not be made available until a qualified capital company raises at least $200,000 in capital and has been designated a qualified capital company or the qualified Montana small business investment capital company raises at least $500,000 in capital before July 1, 1995, and has been designated the qualified Montana small business investment capital company and the limits on tax credits that may be authorized; and
     (3) the fact that the state of Montana is not liable for damages in accordance with 90-8-205.

     History: En. Sec. 16, Ch. 554, L. 1983; amd. Sec. 18, Ch. 554, L. 1983; amd. Sec. 7, Ch. 263, L. 1991; amd. Sec. 13, Ch. 576, L. 1991.