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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Not achievable.. Posted by ART on July 31, 2003 at 9:34 AM In Reply to: Not achievable.. posted by Ward-CA- on July 30, 2003 at 1:14 AM : : Ward or others: : : Has anyone ever run into a problem w/Civil Code Section 1695.17 as it relates to the bonding requirement for" representatives" of equity purchasers? This section covers deals that you want to assign over or bring other partners aboard on. Your thoughts? : =-=-=-=-=-=-= : Art, : Yes, because the bonding requirement is not possible to achieve. No one is offering such a bond. And they probably never will. Ward, Thanks for the response. My followup is: If such bonds are not being offered, why hasn't this section of the civil code been amended? Know of any discussion on this by legislators? Any one we could contact? Until the bonds are offered or until the law is changed I guess you just have to weigh the risk on a deal by deal basis. Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : Ward or others: : : : Has anyone ever run into a problem w/Civil Code Section 1695.17 as it relates to the bonding requirement for" representatives" of equity purchasers? This section covers deals that you want to assign over or bring other partners aboard on. Your thoughts? : : =-=-=-=-=-=-= : : Art, : : Yes, because the bonding requirement is not possible to achieve. No one is offering such a bond. And they probably never will. : Ward, : Thanks for the response. My followup is: : If such bonds are not being offered, why hasn't this section of the civil code been amended? Know of any discussion on this by legislators? Any one we could contact? : Until the bonds are offered or until the law is changed I guess you just have to weigh the risk on a deal by deal basis. Optional Link URL: Link Title: Optional Image URL: [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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