90-8-204. Application requirements. A company applying to become either a certified or qualified Montana capital company or a 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 a 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 a qualified Montana small business investment capital company raises at least $500,000 in capital before July 1, 1995, and has been designated a 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; amd. Sec. 7, Ch. 410, L. 1999.