20-512.01. Valuation of joint ventures, partnerships and limited liability companies
37 words·~1 min read·
/az/title-20/20-512-01A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Joint ventures, partnerships and limited liability companies shall be valued based on the underlying equity reported in the entity's financial statements pursuant to the accounting practices and procedures manual adopted by the national association of insurance commissioners.