Rule 2.59.1504 - OWNERSHIP CHANGE IN THE DEFERRED DEPOSIT LENDER(1) In the event there is a change of ownership in a licensee, the owner(s) shall file with the department an application for a new license. For purposes of this rule, a change in ownership includes circumstances when 25% or more of the ownership is transferred to a new owner.Mont. Admin. r. 2.59.1504
NEW, 2000 MAR p. 71, Eff. 11/5/99; TRANS, from Commerce, 2001 MAR p. 1178.31-1-702, MCA; IMP, 31-1-702, 31-1-705, MCA;