N.J. Admin. Code § 13:2-1.7

Current through Register Vol. 56, No. 21, November 4, 2024

Section 13:2-1.7 - Changes in facts; application

(a) Whenever any change shall occur in any of the facts as set forth in any existing filed application concerning a State-issued license, the licensee shall file with the Director an amendment to the license application in a form prescribed by the Director reflecting the change not later than 10 days after the occurrence.

(b) Corporate licensees shall file with the Director an amendment to reflect any stockholder change resulting in any person acquiring one percent or more of its stock not later than 10 days after the occurrence. If the change affects less than one-third of the stock of the corporation, the licensee need only amend those pages that reflect the change in information. If the change affects one-third or more of the stock, a full application is required. Changes in partnerships and other types of legal entities shall be treated in the same manner as a stockholder change of a corporate licensee.

Repeal and New Rule, R.1990 d.412, effective 8/20/1990.
See: 22 New Jersey Register 1811(a), 22 New Jersey Register 2508(c).
Amended by R.2000 d.342, effective 8/21/2000.
See: 32 New Jersey Register 1717(a), 32 New Jersey Register 3162(a).
In the first line of (a), added "any of" following "in"; in (b), substituted "partnerships and other types of legal entities" for "limited partners".
Amended by R.2005 d.212, effective 7/5/2005.
See: 36 New Jersey Register 4211(a), 37 New Jersey Register 2544(a).
In (b), inserted "with the Director" following "licensees shall file" and "not later than 10 days after the occurrence" following "more of its stock".