42-7-65. Transfer of license or stock ownership subject to approval--Standards applied.
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/sd/title-42/chapter-42-7/42-7-65A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All transfers of licenses to collect or disburse money under the certificate system or transfers of stock in a corporation holding a license shall be subject to prior review and approval by the commission, and the disclosure requirements as provided in § 42-7-59 . The commission may approve minor transfers of stock without a hearing. The commission shall apply the standards provided in § 42-7-91 in determining whether it shall permit a transfer of stock.