California Code of Regulations
Title 10 - Investment
Chapter 3 - Commissioner of Financial Protection and Innovation
Subchapter 2 - Corporate Securities
Article 4 - Standards for the Exercise of the Commissioner's Authority
Subarticle 10 - Real Estate Programs
Requirements of Sponsors
Section 260.140.111.1 - Experience
The general partner or, if the general partner is not an individual, the principal operating officer of such general partner shall have at least two years relevant real estate or other experience demonstrating the knowledge and experience to acquire and manage the type of properties being acquired, and such persons or any affiliate providing services to the program shall have had not less than four years relevant experience in the kind of service being rendered or otherwise must demonstrate sufficient knowledge and experience to perform the services proposed.
1.
Amendment filed 1-27-84; effective thirtieth day thereafter (Register 84, No.
4).
2. Amendment filed 5-18-92; operative 6-17-92 (Register 92, No.
22).
Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.
