Section 28-408.6.4. Ownership limitations  


Latest version.
  • An  individual who is a licensed
      master plumber whose interest or ownership in a master plumber  business
      constitutes  any  portion of the 51 percent interest or control required
      by this section 28-408.6 shall be prohibited from possessing an interest
      or ownership in more than one other master plumber business  at  his  or
      her  established  place  of  business,  where such interest or ownership
      would constitute any portion of  the  51  percent  interest  or  control
      required  by  this  section  28-408.6. Both master plumber businesses in
      which the individual who is a licensed master plumber  has  an  interest
      shall be located at the same place of business. For the purposes of this
      section  28-408.6, where two or more individuals who are licensed master
      plumbers possess an interest or ownership in any master plumber business
      which together represents more  than  51  percent  of  the  interest  or
      control of such entity, all of such licensees shall be deemed to possess
      a portion of the 51 percent interest or control required by this section
      28-408.6.