18-553 C.M.R. ch. 10, § 5 - NON-TRANSFERABILITY OF LICENSE
1.
License
nontransferable. A State Lottery agent license is not transferable. The
State Lottery is under no obligation to assign or transfer the license or any
lottery terminal to a new owner.
2.
Sale or cessation of business. An agent must notify the State
Lottery at least 15 business days before the agent 's intent to sell,
substantially change ownership or cease operation of the agent 's business
either temporarily or permanently. If an agent sells, ceases operation, or
substantially changes ownership of a business to which a license has been
issued pursuant to these rules, the license terminates and is deemed to have
expired as of the date the agent sells, ceases operation, or substantially
changes ownership. The State Lottery may remove an on-line terminal from an
agent 's premises if there is a sale or cessation of business or a substantial
change of ownership of the agent .
3.
Change of business name or
location. If the business to which a license has been issued pursuant to
these rules changes its business location or business name without prior
approval of the State Lottery , the license terminates and is deemed to have
expired as of the date of that change. Every change of business location or
business name must be reported in writing to the director at least 15 days
prior to the change. The director may waive the 15-day notification requirement
if the director believes that waiver is in the best interests of the State
Lottery .
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
1. License nontransferable. A State Lottery agent license is not transferable. The State Lottery is under no obligation to assign or transfer the license or any lottery terminal to a new owner.
2. Sale or cessation of business. An agent must notify the State Lottery at least 15 business days before the agent's intent to sell, substantially change ownership or cease operation of the agent's business either temporarily or permanently. If an agent sells, ceases operation, or substantially changes ownership of a business to which a license has been issued pursuant to these rules, the license terminates and is deemed to have expired as of the date the agent sells, ceases operation, or substantially changes ownership. The State Lottery may remove an on-line terminal from an agent's premises if there is a sale or cessation of business or a substantial change of ownership of the agent.
3. Change of business name or location. If the business to which a license has been issued pursuant to these rules changes its business location or business name without prior approval of the State Lottery, the license terminates and is deemed to have expired as of the date of that change. Every change of business location or business name must be reported in writing to the director at least 15 days prior to the change. The director may waive the 15-day notification requirement if the director believes that waiver is in the best interests of the State Lottery.