Mich. Admin. Code R. 432.521f - Transfer of ownership interest; application
Rule 521f.
(1) A
person desiring to acquire an ownership interest in a licensee must complete
and submit application and disclosure forms, in the manner and form prescribed
by the board.
(2) A person desiring
to acquire an interest in a licensee must present evidence that the person
desiring to acquire the interest is eligible and suitable under the standards
and criteria for licensure set forth in the act and these rules.
(3) A licensee that is attempting to transfer
an ownership interest must submit any information or documentation considered
necessary by the board to ensure compliance with the act and these
rules.
Notes
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