Section 3312. Application for initial license

1. An applicant for an
  initial license to manufacture or distribute controlled substances shall
  furnish to the department such  information  as  it  shall  require  and
  evidence that the applicant:
    (a) and its managing officers are of good moral character;
    (b)  possesses  sufficient  land,  buildings and equipment to properly
  carry on the activity described in the application;
    (c) is able to maintain effective control  against  diversion  of  the
  controlled substances for which the license is sought;
    (d)  is  able to comply with all applicable state and federal laws and
  regulations  relating  to  the  manufacture  or  distribution   of   the
  controlled substances for which the license is sought.
    2. The application shall include the name, residence address and title
  of each of the officers and directors and the name and residence address
  of any person having a ten percentum or greater proprietary, beneficial,
  equitable  or  credit interest in the applicant. Each such person, if an
  individual, or lawful representative if a legal entity, shall submit  an
  affidavit with the application setting forth:
    (a)  any  position of management or ownership during the preceding ten
  years of a ten percentum or greater  interest  in  any  other  business,
  located  in  or outside this state, manufacturing or distributing drugs;
  and
    (b) whether such person or  any  such  business  has  been  convicted,
  fined,   censured   or  had  a  license  suspended  or  revoked  in  any
  administrative or judicial proceeding relating to or arising out of  the
  manufacture or distribution of drugs; and
    (c) such other information as the commisisoner may require.
    3.  The  applicant  shall  be under a continuing duty to report to the
  department any  change  in  facts  or  circumstances  reflected  in  the
  application  on  any  newly discovered or occurring fact or circumstance
  which is required to be included in the application.