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berthahrt@yahoo.com on

99 is the max, I think that applies to all states or at least in California it does.

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----- Reply message -----
From: "R. M. Shoppell" <mikeshoppell@gmail.com>
Date: Tue, Jan 10, 2012 4:59 am
Subject: [club_cafe] Membership in an Investment Club
To: <club_cafe@bivio.com>

Is there a limit on the number of members that can belong to
an Investment Club? Mike Shoppell, member of Merrill Ranch
Club in Florence, Arizona.

Rip West on

99 is the max, I think that applies to all states or at least in California it does.
>>

That's not true. There are no restrictions on the number of members in a club in the IRS code. As Ira said, there could be some additional requirements under SEC rules, but the larger number is not prohibited.

Rip West
Saint Paul, MN

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