533A.5A Change in control — name or address. 1. The prior written approval of the superintendent is required whenever a change in the control of a licensee is proposed. For purposes of this section, 'control' in the case of acorporation means direct or indirect ownership, or the right to control, ten percent or moreof the voting shares of the corporation, or the ability of a person to elect a majority of thedirectors or otherwise effect a change in policy. 'Control' in the case of any other entitymeans the principals of the organization whether active or passive. The superintendent mayrequire information deemed necessary to determine whether a new application is required.When requesting approval, the person shall submit a fee of one hundred dollars to thesuperintendent. 2. A licensee shall notify the superintendent and submit a fee of twenty-five dollars per license to the superintendent thirty days in advance of the effective date of any of thefollowing: a. A change in the name of the licensee.b. A change in the address where the business is conducted.2006 Acts, ch 1042, §5 Sat Dec 23 01:36:28 2023 Iowa Code 2024, Section 533A.5A (17, 0)
Iowa Legal Code