Delaware § 1372 Change in ownership

Delaware Statutes

§ 1372 — Change in ownership

Delaware § 1372

Title4

Ch. 13The Delaware Marijuana Control Act

Subch.Owner and Financial Interests of Licensee

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Bluebook

Del. Code tit. 4, § 1372 (2026).

Text

(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)An application.

(2)A financial statement of the new owner or owners.

(3)Personal financial statements of all individuals, partners, or stockholders holding at least 10% of the corporate stock.

(4)A copy of the agreement of the terms of the sale or other exchange of financial interest, including stock distribution.

(5)Copy of all documents explaining interest and profit/loss distribution.

(6)Any application fee required by the Commissioner.

(7)Any other documents requested by the Commissioner.

(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 sto

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(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) An application.

(2) A financial statement of the new owner or owners.

(3) Personal financial statements of all individuals, partners, or stockholders holding at least 10% of the corporate stock.

(4) A copy of the agreement of the terms of the sale or other exchange of financial interest, including stock distribution.

(5) Copy of all documents explaining interest and profit/loss distribution.

(6) Any application fee required by the Commissioner.

(7) Any other documents requested by the Commissioner.

(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.