32-11-218. Financing assistance allowed -- forms, terms, conditions. (1) The financing assistance that a licensee may provide includes:
(a) loans;
(b) purchase of debt instruments;
(c) straight equity investments including the purchase of common stock or preferred stock;
(d) debt with equity features, including warrants to purchase stock, convertible debentures, or receipt of a percentage of net income or sales;
(e) royalty-based financing;
(f) debt guarantees; and
(g) property leasing.
(2) A licensee may determine the form, terms, and conditions for the financing assistance that it will provide.
History: En. Sec. 19, Ch. 411, L. 2007.
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