NYC Rules of the City of New York

§ 11-42 — Computation of Business and Investment Capital on Combined Reports.

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What is NYC RCNY § 11-42?

Quick Answer

In the case of combined reports, there are eliminated, in computing combined business and investment capital, intercorporate stockholdings and intercorporate bills, notes and accounts receivable and payable and other intercorporate indebtedness. As to when combined reports will be permitted or required, see 19 RCNY § 1

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 11-42 Computation of Business and Investment Capital on Combined Reports.

RCNY § 11-42

In the case of combined reports, there are eliminated, in computing combined business and investment capital, intercorporate stockholdings and intercorporate bills, notes and accounts receivable and payable and other intercorporate indebtedness. As to when combined reports will be permitted or required, see 19 RCNY § 11-91, infra.

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