Rule 901:7-2-08 | Asset valuation.
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:
(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.
Last updated February 13, 2023 at 5:07 PM