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ROBERT L. EHRLICH, JR., Governor Ch. 375
(I) NOTIFIES THE COMMISSIONER IN WRITING OF THE PROPOSED
CHANGE;
(II) PROVIDES WITH THE NOTICE EVIDENCE THAT, AFTER THE
CHANGE DESCRIBED IN THE NOTICE, THE LICENSEE WILL CONTINUE TO SATISFY
THE SURETY BOND REQUIREMENT UNDER § 12-914 OF THIS SUBTITLE; AND
(III) RECEIVES THE WRITTEN APPROVAL OF THE COMMISSIONER.
(2) WITHIN 60 DAYS AFTER RECEIVING A REQUEST FOR APPROVAL OF A
CHANGE IN A BUSINESS LOCATION OF A LICENSEE, THE COMMISSIONER SHALL
APPROVE OR DENY THE REQUEST.
(3) IF THE COMMISSIONER FAILS TO APPROVE OR DENY A REQUEST FOR
APPROVAL WITHIN THE 60 DAY PERIOD UNDER PARAGRAPH (3) OF THIS
SUBSECTION, THE REQUEST IS DEEMED TO BE APPROVED.
(B) (1) IN THIS SUBSECTION, "CONTROL" MEANS THE DIRECT OR INDIRECT
POSSESSION OF THE POWER TO DIRECT OR CAUSE THE DIRECTION OF THE
MANAGEMENT AND POLICIES OF A LICENSEE, WHETHER THROUGH OWNERSHIP, BY
CONTRACT, OR OTHERWISE.
(2) A LICENSEE MAY NOT UNDERGO A CHANCE IN CONTROL UNLESS
THE LICENSEE:
(I) NOTIFIES THE COMMISSIONER IN WRITING OF THE PROPOSED
CHANGE;
(II) MAKES A WRITTEN REQUEST THAT THE COMMISSIONER
APPROVE THE PROPOSED CHANCE;
(III) PROVIDES ANY INFORMATION THE COMMISSIONER MAY
REQUIRE UNDER PARAGRAPH (3) OF THIS SUBSECTION; AND
(IV) RECEIVES THE WRITTEN APPROVAL OF THE COMMISSIONER:
(3) WITHIN 60 DAYS AFTER RECEIVING A REQUEST FOR APPROVAL OF A
PROPOSED CHANGE IN CONTROL, THE COMMISSIONER MAY REQUIRE THE LICENSEE
TO PROVIDE ANY INFORMATION THAT THE COMMISSIONER CONSIDERS NECESSARY
TO DETERMINE WHETHER A NEW APPLICATION FOR A LICENSE IS REQUIRED
BECAUSE OF THE PROPOSED CHANGE IN CONTROL.
(4) THE COMMISSIONER SHALL APPROVE OR DENY A REQUEST FOR
APPROVAL OF A PROPOSED CHANGE IN CONTROL:
(I) WITHIN 60 DAYS AFTER THE DATE THE COMMISSIONER
RECEIVES THE REQUESTS; OR
(II) IF THE COMMISSIONER REQUIRES THE LICENSEE TO PROVIDE
INFORMATION UNDER PARAGRAPH (3) OF THIS SUBSECTION, WITHIN 60 DAYS AFTER
THE DATE THAT THE COMMISSIONER RECEIVES THE REQUIRED INFORMATION.
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