1. (a) In order to change ownership of a license, all of the following must be filed with the Commissioner on behalf of the new owner or owners:

   1. (1) An application.
   2. (2) A financial statement of the new owner or owners.
   3. (3) Personal financial statements of all individuals, partners, or stockholders holding at least 10% of the corporate stock.
   4. (4) A copy of the agreement of the terms of the sale or other exchange of financial interest, including stock distribution.
   5. (5) Copy of all documents explaining interest and profit/loss distribution.
   6. (6) Any application fee required by the Commissioner.
   7. (7) Any other documents requested by the Commissioner.
2. (b) A change in ownership includes a change in the entire ownership, change in the partial ownership, or the sale or exchange of shares of stock by stockholders.

84 Del. Laws, c. 24, § 4