Section R20-4-1812. Acquisition of Additional Interest in Licensee by Majority Owner

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A person that owns 51% or more of a licensee’s outstanding voting equity interests, and that acquires the power to vote additional frac-

tional equity interests, shall deliver written notice of the acquisition to the Superintendent. The person shall deliver the notice before completing the acquisition. Within 10 days after completing the acquisition, the person shall deliver documentation evidencing the acquisition to the Superintendent.

Historical Note

New Section adopted by final rulemaking at 5 A.A.R.

2094, effective June 10, 1999 (Supp. 99-2).

                    
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