Minnesota Legislature
Office of the Revisor of Statutes
2007 Minnesota Statutes
This is an historical version of this statute chapter. Also view the most recent published version.
53B.13 CHANGES IN CONTROL OF A LICENSEE.
Any purchaser of ten percent or more of an ownership interest in a licensee must notify
the commissioner at least 30 days in advance of the purchase and submit a completed license
application form. The commissioner may revoke the license if the new ownership would have
resulted in a denial of the initial license under this chapter. The commissioner may waive this
notification requirement if, in the commissioner's discretion, the change in control does not pose
any risk to the interests of the public.
History: 2001 c 148 s 14
Any purchaser of ten percent or more of an ownership interest in a licensee must notify
the commissioner at least 30 days in advance of the purchase and submit a completed license
application form. The commissioner may revoke the license if the new ownership would have
resulted in a denial of the initial license under this chapter. The commissioner may waive this
notification requirement if, in the commissioner's discretion, the change in control does not pose
any risk to the interests of the public.
History: 2001 c 148 s 14
Official Publication of the State of Minnesota
Revisor of Statutes