N.Y. Cannabis Law 100 – Transferability; amendment to license; change in ownership or control
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§ 100. Transferability; amendment to license; change in ownership or control. 1. Licenses issued under this article are not transferable, absent written consent of the board.
Terms Used In N.Y. Cannabis Law 100
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- License: means a license issued pursuant to this article. See N.Y. Cannabis Law 90
2. Upon application of a licensee, a license may be amended to add or delete permitted activities.
3. A license shall become void by a change in ownership, substantial corporate change or change of location without prior written approval of the board. The board may make regulations allowing for certain types of changes in ownership without the need for prior written approval.