P.R. Laws tit. 10, § 691k
2019-02-20 00:00:00+00
No investment company shall be registered or, if registered, make a public offering of securities of which such company is the issuer, unless:
(a) Such company has a net worth of at least one hundred thousand dollars ($100,000), or
(b) such company has previously made a public offering of its securities, and at the time of such offering had a net worth of at least one hundred thousand dollars ($100,000), or
(c) The Commissioner has expressly exempted it from the initial net worth requirement.
History —July 30, 2013, No. 93, § 14, eff. 120 days after July 30, 2013.