27.0105 Information required-Deposit.

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(a) New businesses that are majority-owned by nonAmerican Samoans must submit certified financial statements for each nonAmerican Samoan principal.

(b) Industries seeking establishment in the territory must transmit a formal business proposal to the commission.

(c) A license application form must be filled out by each applicant.

(d) It is to the advantage of the applicant to submit any relevant documents which would solidify his proposal.

(e) The commission may at times request a sum of money to be placed in escrow to offset unanticipated payroll deficit and/or other liability.

(f) The commission shall have the authority to demand additional information if original data submitted is not satisfactory.

History: Rule 3-77, eff 14 Sep 77, § 5.