Investigation of stock ownership--Failure to disclose.

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42-7-66. Investigation of stock ownership--Failure to disclose.

The commission may conduct investigations to ascertain if any capital stock of any corporate applicant is held for an undisclosed principal. Failure to disclose a principal is a material false statement.

Source: SL 1978, ch 302, §18; SL 1991, ch 349, §18.


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