R20-4-926. Acquisition of Additional Interest in Licensee by Majority Owner

A person owning 51% or more of a licensee’s outstanding voting equity interests, and who acquires the power to vote additional fractional equity interests, shall deliver written notice of the acquisition to the Director. 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 Director.