A person owning 51% or more of a licensee’s outstanding voting equity interests who acquires the power to vote additional fractional equity interests, shall deliver written notice of the acquisition to the Director. The person shall deliver the notice before completing the acquisition. Within 10 days after completing the acquisition, the person shall deliver documentation evidencing the acquisition to the Director.

Historical Note

New Section adopted by final rulemaking at 5 A.A.R. 2094, effective June 10, 1999 (Supp. 99-2). Amended by final rulemaking at 31 A.A.R. 2330 (July 11, 2025), effective August 17, 2025 (Supp. 25-2).