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