The following issuers are ineligible to use SCOR:
- A. investment companies subject to the Investment Company Act of 1940;
- B. companies subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934;
- C. companies engaged in or which propose to engage in petroleum exploration and production, mining, or other extractive industries;
- D. development stage companies that either have no specific business plan or purpose or have indicated that their business plan is to engage in a merger or acquisition with an identified company or companies or other entity or person;
- E. holding companies or companies whose principal purpose is owning stock in, or supervising the management of, other companies; and
- F. issuers disqualified under 12.11.10.21 NMAC.
[12.11.10.9 NMAC - Rp, 12 NMAC 11.4.6.2, 1-1-2010]