Rhode Island General Laws 5-5.1-17. Change in status of licensee
The licensee shall notify the attorney general, in writing, within five (5) days of:
(1) Any change in identity of the licensee, or any of its partners, directors, officers, and shareholders owning a ten percent (10%) or greater interest in the licensee, provided the licensee is not a publicly traded corporation. Any substitute in the persons enumerated must satisfy all requirements of § 5-5.1-8 and § 5-5.1-13 and be approved, in writing, by the attorney general; and
(2) Any material change in the information previously furnished or required to be furnished to the attorney general or any occurrence that could reasonably be expected to affect the licensee’s privilege to a license under this chapter.
History of Section.
P.L. 1987, ch. 112, § 1.
Terms Used In Rhode Island General Laws 5-5.1-17
- Attorney General: means the attorney general of the state of Rhode Island. See Rhode Island General Laws 5-5.1-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- in writing: include printing, engraving, lithographing, and photo-lithographing, and all other representations of words in letters of the usual form. See Rhode Island General Laws 43-3-16
- License: means any license required by this chapter. See Rhode Island General Laws 5-5.1-2
- Licensee: means any person to whom a license is granted in accordance with the provisions of this chapter. See Rhode Island General Laws 5-5.1-2