A. Each qualified small business capital company shall prepare and maintain on a current basis the following records and make them available to the Oklahoma Tax Commission upon request:
1. Files for each director and principal of the capital company including the name, address, social security number or federal identification number and such other identifying information as the Tax Commission may require;
2. Records concerning all securities and subordinated debt issued by the capital company which include:
3. Records relating to each person making a qualified investment which shall include the social security number or federal tax identification number of each investor;
4. Records relating to each Oklahoma small business venture in which the capital company made a qualified investment which includes:
5. Organizational documents of the qualified small business capital company and any additional documents relating to the organization or operation of the capital company as requested by the Tax Commission;
6. Records relating to all capitalization of the capital company which is not invested in Oklahoma small business ventures;
7. Records relating to all distributions made by the capital company which includes the date of the distribution, the amount of the distribution, to whom the distribution was paid, and the purpose of the distribution; and
8. All other records that may be requested by the Tax Commission.
B. All records required by this section shall be preserved for a period of ten (10) years.
Added by Laws 2006, c. 281, § 12, emerg. eff. June 7, 2006.