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Session Laws, 1976
Volume 734, Page 1469   View pdf image
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MARVIN MANDEL, Governor                                1469

PARTNERSHIPS), WHO ARE THE BENEFICIAL OWNERS OF THE STOCK
ARE DISCLOSED, REGARDLESS OF THE MANNER IN WHICH, OR

WHETHER OF NOT, THE OWNERSHIP INTEREST IS STATED OR

REGISTERED ON THE STOCK OF THE LICENSEE. BENEFICIAL

OWNERSHIP INCLUDES, BUT IS NOT LIMITED TO RECORD

OWNERSHIP AND:

(I) STOCK OR OTHER OWNERSHIP IN ONE OR

MORE ENTITIES IN A CHAIN OF PARENT AND SUBSIDIARY OR

AFFILIATED ENTITIES, ANY ONE OF WHICH PARTICIPATES IN THE

CAPITAL OR PROFITS OF A LICENSEE, REGARDLESS OF THE

PERCENTAGE OF OWNERSHIP INVOLVED; OR

(II) ANY INTEREST__WHICH ENTITLES____ A

PERSON TO BENEFITS SUBSTANTIALLY EQUIVALENT TO OWNERSHIP

BY REASON OF ANY CONTRACT, UNDERSTANDING,__RELATIONSHIP,

AGREEMENT OR OTHER ARRANGEMENT EVEN THOUGH THE PERSON IS

NOT THE RECORD OWNER. UNLESS THERE ARE SPECIAL

CIRCUMSTANCES, SECURITIES HELD BY A PERSON'S SPOUSE OR

RELATIVES (INCLUDING CHILDREN) LIVING IN THE HOME ARE

BENEFICIALLY OWNED BY THE PERSON.

(2)    IN ADDITION TO ANY OTHER ACTION WHICH IS
NECESSARY TO OBTAIN DISCLOSURE OF BENEFICIAL OWNERSHIP OF
STOCK, THE COMMISSION SHALL REQUIRE EACH LICENSEE, AT
LEAST ONCE EVERY CALENDAR YEAR, TO OBTAIN, PURSUANT TO

WRITTEN NOTICE TO THE RECORD OWNERS OF ALL STOCK__OF THE

LICENSEE,__AN AFFIDAVIT FROM EACH RECORD OWNER, SWORN TO

UNDER THE PENALTY OF PERJURY, STATING TO THE BEST OF THE
AFFIANT'S KNOWLEDGE, INFORMATION AND BELIEF:

(I)    WHETHER OR NOT ANY PERSON OTHER
THAN THE AFFIANT HAS ANY RIGHT OF BENEFICIAL OWNERSHIP OF
ANY KIND IN THE STOCK HELD IN THE NAME OF THE AFFIANT;

(II)   THE NAME AND ADDRESS OF THE OTHER
PERSON; AND

(III)  THE AMOUNT AND__ NATURE OF THE

OWNERSHIP.

(3)    IF THE LICENSEE__RECEIVES INFORMATION

INDICATING THAT A PERSON OTHER THAN THE RECORD OWNER HAS
A BENEFICIAL OWNERSHIP INTEREST IN STOCK OF THE LICENSEE,

THE LICENSEE SHALL REQUEST PROMPTLY BY WRITTEN NOTICE__TO

THE OTHER PERSON, THAT THIS PERSON SUBMIT TO THE LICENSEE

WITHIN SIXTY DAYS FROM THE DATE OF THE NOTICE AN

AFFIDAVIT, SWORN TO UNDER THE PENALTY OF PERJURY, STATING

TO THE BEST OF THE AFFIANT'S KNOWLEDGE, INFORMATION___AND

BELIEF:

(I)    WHETHER OR NOT THE AFFIANT HAS ANY
RIGHT OF OWNERSHIP IN STOCK OF THE LICENSEE ATTRIBUTED TO

THE AFFIANT IN THE NOTICE AND THE AMOUNT AND NATURE__OF

THE OWNERSHIP;

(II)   WHETHER OR NOT ANY PERSON OTHER

THAN THE AFFIANT AND THE RECORD OWNER HAS ANY RIGHT OF

 

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Session Laws, 1976
Volume 734, Page 1469   View pdf image
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