§ 260.140.114.12

Cal. Code Regs. tit. 10, § 260.140.114.12

Requirement for Real Property Appraisal.

Effective Jun 17, 1992Register 92, No. 22Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.State of California

All real property acquisitions must be supported by an appraisal. Any appraisal obtained, whether or not required by these Rules, shall be maintained in the sponsor's records for at least 5 years.

Note: Authority cited: Section 25610, Corporations Code. Reference: Section 25140, Corporations Code.

History

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).