Kan. Admin. Regs. § 14-13-18 - Change of ownership; notice to director
(a) Each retailer intending to transfer
ownership in its business association shall report this intent to the director
at least 20 days before the intended transfer of ownership if the transfer
would result in any person holding a beneficial interest greater than five
percent in the business association that is subject to the license.
(b) Each retailer shall notify the director
within 10 days after each transfer of ownership specified in subsection
(a).
(c) The retailer shall submit
the notifications required by subsections (a) and (b) on forms prescribed by
the director and shall include all information necessary to determine the
continued eligibility of the retailer under
K.S.A. 41-311, and amendments thereto.
Notes
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