23 CAR pt. 358, Subpart 15 – Limited Liability Company Licensees | Midpage

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Code of Arkansas Rules

Subpart 15

23 CAR pt. 358, Subpart 15

Limited Liability Company Licensees

1Definitions 2Powers of commission 3Burden of proof 4Ownership of limited liability company licensees 5Registration of certain members of limited liability companies 6Institutional investor 7Required provisions in articles of organization 8Public offerings by limited liability company licensees and holding companies 9Assignment of interest in a security 10Procedure for obtaining approval for transfer of interests 11Persons who may be determined to be unsuitable 12Limited liability company noncompliance 13Approval by commission required for all issues or transfers by a holding company of its securities 14Commission approval required for dispositions of outstanding securities issued by holding companies 15Licensing of managers and members of limited liability company holding companies 16Certain payees required to be found suitable, licensed, or approved 17Delayed licensing for members 18Eligibility for delayed licensing 19Application for delayed licensing by individual members 20Procedure for consideration of application for delayed licensing 21Information to be provided by applicant for delayed licensing 22Effect of the Arkansas Racing Commission ruling on a limited liability company’s application for delayed licensing 23Standards 24Powers of the commission after delayed licensing approval 25Non-transferability of delayed licensing approval 26Exclusion of public limited liability companies 27Waiver of requirement of rule