Section 42-7-65 - Transfer of license or stock ownership subject to approval--Standards applied

42-7-65. Transfer of license or stock ownership subject to approval--Standards applied.All transfers of licenses to collect or disburse money under the certificate system or transfers of stock in a corporation holding a license shall be subject to prior review and approval by the commission, and the disclosure requirements as provided in §42-7-59. The commission may approve minor transfers of stock without a hearing. The commission shall apply the standards provided in §42-7-91 in determining whether it shall permit a transfer of stock. Source: SL 1978, ch 302, §18; SL 1991, ch 349, §17; SL 2005, ch 229, §4.