Request for determination on change of control from director.

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51A-17-26. Request for determination on change of control from director.

Before filing a request for approval to acquire control, a person may request in writing a determination from the director as to whether the person would be considered a person in control of a licensee upon consummation of a proposed transaction. If the director determines that the person would not be a person in control of a licensee, the director shall enter an order to that effect and the proposed person and transaction is not subject to the requirements of §51A-17-23.

Source: SL 2008, ch 253, §26.


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