The Equipment Guidelines and Proposed Amendments

States that conduct merit reviews of public offerings generally refer to guidelines promulgated by the North American Securities Administrators Association (NASAA). These guidelines seek to establish uniform and consistent standards for nationwide application. A brief description shows how the State...

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Bibliographic Details
Published in:The Business lawyer 1986-08, Vol.41 (4), p.1545-1559
Main Authors: Gruber, Misty S., Johnson, G. Douglas, Walker, Edwin M.
Format: Article
Language:English
Subjects:
Capital investments
Cash
Collaboration
Commercial law
Equipment financing
Equipment leases
Fees
Industrial machinery
Investors
Leasing
Net leases
Nonprofit organizations
Operating leases
Regulations
Regulatory agencies
Sales of securities
State Securities Regulation
States
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Summary:States that conduct merit reviews of public offerings generally refer to guidelines promulgated by the North American Securities Administrators Association (NASAA). These guidelines seek to establish uniform and consistent standards for nationwide application. A brief description shows how the Statement of Policy for Equipment Programs was drafted and adopted. The guides apply to programs formed to acquire equipment and lease it to nonaffiliates; they also apply to programs formed to acquire equipment and operate it directly or through affiliates. Definitions seek to provide a common basis for comparison of programs. Objective net worth and income standards serve as a basis for determining whether an investor is able to bear the investment's economic risk. Compensation guidelines were drafted with enough flexibility to encompass both existing packages and future developments. Other provisions address such areas as conflicts of interest, reinvestment provisions, and multiple programs.
ISSN:0007-6899
2164-1838