Section 553-10-5 - NON-TRANSFERABILITY OF LICENSE1.License nontransferable. A State Lottery agent license is not transferable. The State Lottery is under no obligation to assign or transfer the license or any lottery terminal to a new owner.2.Sale or cessation of business. An agent must notify the State Lottery at least 15 business days before the agent's intent to sell, substantially change ownership or cease operation of the agent's business either temporarily or permanently. If an agent sells, ceases operation, or substantially changes ownership of a business to which a license has been issued pursuant to these rules, the license terminates and is deemed to have expired as of the date the agent sells, ceases operation, or substantially changes ownership. The State Lottery may remove an on-line terminal from an agent's premises if there is a sale or cessation of business or a substantial change of ownership of the agent.3.Change of business name or location. If the business to which a license has been issued pursuant to these rules changes its business location or business name without prior approval of the State Lottery, the license terminates and is deemed to have expired as of the date of that change. Every change of business location or business name must be reported in writing to the director at least 15 days prior to the change. The director may waive the 15-day notification requirement if the director believes that waiver is in the best interests of the State Lottery.18-553 C.M.R. ch. 10, § 5