Ohio Administrative Code
Title 901:7 - Grain Warehouses
Chapter 901:7-2 - Licensed Agricultural Commodities Handlers
Section 901:7-2-08 - Asset valuation
Current through all regulations passed and filed through March 18, 2024
The following assets shall not be included or considered as assets for calculating the net worth and\or in determining if current assets exceed current liabilities of a licensee:
(A) Goodwill;
(B) Customer lists;
(C) Non-competition clauses;
(D) Trade names;
(E) Receivables other than trade receivables arising in the ordinary course of the handlers business due from any director, officer, manager, or employee of the handler;
(F) Receivables due from any related party or business of the handler; or
(G) Accounts receivables that are past due over one hundred eighty days. A schedule must be provided with the annual financial statement filing.
