ARM 42.12.118. APPLICATION PROCESS REQUIRED

(1) An application is required to be filed when a person not previously qualified is proposed to be added to the face of the license as an owner. (2) An application is not required to be filed if an existing licensee or member of a licensee entity that was previously qualified is being removed from the face of the license as an owner. In this case, documentation supporting the removal of the person and immediate notification to the department is required.