Section 20-110. Change of corporate ownership

Latest version.

Where  any  person  or
  organization becomes the beneficial owner of ten percent or more of  the
  stock of an organization to which a license has been granted pursuant to
  chapter  two,  if such person or organization previously did not hold at
  least a ten percent interest, such license shall immediately become void
  unless prior written approval of the commissioner or the  commissioner's
  designee is obtained.

                    
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