32-7-111. Transferability.
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/mt/title-32/chapter-7/part-1/32-7-111·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
32-7-111 . Transferability. An escrow business license is not transferable or assignable. The provisions of this section apply to the change of ownership of a legal entity licensed as an escrow business under this part if the change of ownership involves a change of control in the entity. For purposes of this section, "change of control" means the transfer of 25% or more of the ownership interests in the entity.