13 .0411 - NOTICE TO COMMISSIONER

13 .0411. NOTICE TO COMMISSIONER

Each corporate motor club licensee shall advise the Commissioner in writing within ten days of:

(1) the name and resident address of each new stockholder owning ten percent or more of any class of outstanding capital stock of the motor club;

(2) each director or officer who terminates or alters his status with the motor club;

(3) the name and address of each person who becomes an officer or director of the motor club; and

(4) each new employee hired to act as a salesman, representative or agent.

(Authority G.S. 58-2-40; 58-69-20(5); Eff. February 1, 1976; Readopted Eff. January 1, 1978.)

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