§ 67. Amendments; changes in ownership and organizational structure.\n1. Licenses issued pursuant to this article shall specify:\n (a) the name and address of the licensee;\n (b) the activities permitted by the license;\n (c) the land, buildings and facilities that may be used for the\nlicensed activities of the licensee;\n (d) a unique license number issued by the board to the licensee; and\n (e) such other information as the board shall deem necessary to assure\ncompliance with this chapter.\n 2. Upon application of a licensee to the board, a license may be\namended to allow the licensee to relocate within the state, to add or\ndelete licensed activities or facilities, or to amend the ownership or\norganizational structure of the entity that is the licensee. The board\nshall est
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§ 67. Amendments; changes in ownership and organizational structure.\n1. Licenses issued pursuant to this article shall specify:\n (a) the name and address of the licensee;\n (b) the activities permitted by the license;\n (c) the land, buildings and facilities that may be used for the\nlicensed activities of the licensee;\n (d) a unique license number issued by the board to the licensee; and\n (e) such other information as the board shall deem necessary to assure\ncompliance with this chapter.\n 2. Upon application of a licensee to the board, a license may be\namended to allow the licensee to relocate within the state, to add or\ndelete licensed activities or facilities, or to amend the ownership or\norganizational structure of the entity that is the licensee. The board\nshall establish a fee for such amendments.\n 3. A license shall become void by a change in ownership, substantial\ncorporate change or location without prior written approval of the\nboard. The board may promulgate regulations allowing for certain types\nof changes in ownership without the need for prior written approval.\n 4. For purposes of this section, "substantial corporate change" shall\nmean:\n (a) for a corporation, a change of fifty-one percent or more of the\nofficers and/or directors, or a transfer of fifty-one percent or more of\nstock of such corporation, or an existing stockholder obtaining\nfifty-one percent or more of the stock of such corporation; or\n (b) for a limited liability company, a change of fifty-one percent or\nmore of the managing members of the company, or a transfer of fifty-one\npercent or more of ownership interest in said company, or an existing\nmember obtaining a cumulative of fifty-one percent or more of the\nownership interest in said company; or\n (c) for a partnership, a change of fifty-one percent or more of the\nmanaging partners of the company, or a transfer of fifty-one percent or\nmore of ownership interest in said company, or an existing member\nobtaining a cumulative of fifty-one percent or more of the ownership\ninterest in said company.\n