- (a) A partnership, including a limited partnership, issued a license under this title shall report to the board when a partnership interest of 10 percent or more is transferred and shall report a change of general partners.
- (b) The report to the board shall be made in writing in duplicate and shall be sent within 10 days after the change in interest or change of general partners.
- (c) A partnership that fails to report as required under (a) of this section commits the offense of failure to report a transfer of partnership interest or change of general partner.
- (d) Failure to report a transfer of partnership interest or change of general partner is a violation.