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Current as of January 01, 2024 | Updated by Findlaw Staff
Notwithstanding any provision in this article to the contrary, the authority may not hereafter allocate credit to any applicant other than a small business investment company. Every qualified capital company that is not a small business investment company may no longer be considered a qualified capital company and shall, without any further action, be decertified. Each company that has been decertified in accordance with the provisions of this section is no longer subject to the provisions of this article. Nothing herein may be construed to limit an investor in a qualified capital company from applying credits previously allocated by the authority including unused credits carried forward pursuant to section eight of this article.
Cite this article: FindLaw.com - West Virginia Code Chapter 5E. Venture Capital Company § 5E-1-22. Decertification of qualified capital companies other than small business investment companies - last updated January 01, 2024 | https://codes.findlaw.com/wv/chapter-5e-venture-capital-company/wv-code-sect-5e-1-22/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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