1. (a) Except as provided by (b) below, the licensee shall notify the commission in writing at least 45 days prior to a substantial change in ownership and request the retention or termination of the license.
2. (b) When a change is the result of the transfer of interest in publicly traded securities, the reporting shall occur within 45 days after the transfer or at the time that any reporting of the ownership interest is made to the federal Securities and Exchange Commission, whichever is earlier.

3. (c) A substantive change in ownership shall include:

   1. (1) The addition of a new owner with 10% or more stake in ownership, including the transfer, in aggregate, directly or indirectly, of 10% or more of the equity, management control, legal ownership, or shares of stock of the business other than to those already having an interest of 10% or more in the business at the time of approval or renewal of the license;
   2. (2) A change in ownership type such as changing from a sole proprietorship to a partnership or corporation; or
   3. (3) Any change in employer identification number (EIN) or a change to the corporation’s legal name or number.
4. (d) To remain eligible for licensure, all new owners with 10% or more stake in the ownership shall meet the eligibility requirements set forth in Lot 302.01.
5. (e) When a substantial change in ownership results in a new person or entity being the owner of the license, the licensee shall execute the “New Hampshire Lottery Retailer Uniform Agreement” (1/2026) in the name of the new owner to ensure the agreement is binding upon that person or entity.

Source. #14474, eff 1-7-26, EXPIRES 1-7-36