333.17742 Disclosure; "applicant" defined.
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333.17742 Disclosure; "applicant" defined.
Sec. 17742.
(1)The board may require an applicant or the holder of a pharmacy, manufacturer's, wholesale distributor's, or wholesale distributor-broker's license to fully disclose the identity of each partner, stockholder, officer, or member of the board of directors of the pharmacy, manufacturer, wholesale distributor, or wholesale distributor-broker, as applicable.
(2)As used in this section and sections 17742a, 17748, 17748a, 17748e, and 17768, "applicant" means a person applying for a pharmacy, manufacturer's, wholesale distributor's, or wholesale distributor-broker's license under this article. Applicant includes only 1 or more of the following:
(a)An individual, if the person applying is an individual.
(b)All partners, including limited partners, if the person applying is a partnership.
(c)All stockholders, officers, and members of the board of directors, if the person applying is a privately held corporation.
History: Add. 1987, Act 250, Imd. Eff. Dec. 28, 1987 ;-- Am. 2014, Act 280 , Eff. Sept. 30, 2014 ;-- Am. 2020, Act 4 , Eff. Apr. 26, 2020 ;-- Am. 2020, Act 142 , Imd. Eff. July 14, 2020
Popular Name: Act 368