- (a) Except as otherwise provided in this section, assets listed on the financial statement of a corporation or other entity seeking to be licensed or relicensed shall be assets directly owned by the corporation or entity and held in the name of such corporation or entity.
(b)
- (1) Assets listed on the financial statement of a partnership seeking licensure or relicensure as a professional bail bond company shall be those assets owned by the partnership.
- (2) Assets owned individually by one (1) partner may be listed as long as such assets are identified separately on the financial statement.
- (c) Assets listed on the financial statement of a sole proprietorship shall be those personally owned and held by such sole proprietor.
- (d) Property held as collateral on a bond shall not be considered an asset.
- (e) The Professional Bail Bond Company and Professional Bail Bondsman Licensing Board may request any documentation to verify the ownership or worth of any asset listed or to show the extent of any encumbrance or the lack of any encumbrance.