IOWA RESIDENTS ONLY Sample Clauses
IOWA RESIDENTS ONLY. The issuer of this contract is subject to regulation by the insurance division of the department of commerce of the state of Iowa. Complaints which are not settled by the issuer may be sent to the insurance division.
IOWA RESIDENTS ONLY. Investors who reside in the state of Iowa must have either (a) a minimum net worth of $300,000 or (b) a minimum annual income of $70,000 and a net worth of $100,000. In addition, an investor’s investment in this program and affiliated non-traded business development companies cannot exceed 10% of the Iowa resident’s liquid net worth. “Liquid net worth” is defined as that portion of net worth (total assets minus total liabilities) that is comprised of cash, cash equivalents and readily marketable securities.
IOWA RESIDENTS ONLY. Check the appropriate box (one only) to indicate the your qualification to purchase in this offering: ¨ Net worth exclusive of your home, home furnishings and automobiles of at least $65,000 and gross income during the last tax year of at least $65,000 with an expectation of at least $65,000 in gross income during the current tax year; or ¨ Net worth exclusive of your home, home furnishings and automobiles of at least $175,000