Cal. Code Regs. tit. 13 § 80.60

Current through Register 2024 Notice Reg. No. 50, December 13, 2024

Section 80.60 - Net Worth

The audited financial statement shall reflect a net worth of not less than $2,200,000 on the date of application.

Cal. Code Regs. Tit. 13, § 80.60

1. Change without regulatory effect renumbering former section 100.60 to section 80.60 filed 7-19-93 pursuant to title 1, section 100, California Code of Regulations (Register 93, No. 30).
2. Amendment of section and new NOTE filed 6-26-2001; operative 7-26-2001 (Register 2001, No. 26).

Note: Authority cited: Section 1651, Vehicle Code. Reference: Sections 16053 and 16054.2, Vehicle Code; and Sections 700.01, 700.02 and 700.25, Insurance Code.

1. Change without regulatory effect renumbering former section 100.60 to section 80.60 filed 7-19-93 pursuant to title 1, section 100, California Code of Regulations (Register 93, No. 30).
2. Amendment of section and new Note filed 6-26-2001; operative 7-26-2001 (Register 2001, No. 26).