N.J. Admin. Code § 13:70-5.19
Current through Register Vol. 56, No. 24, December 18, 2024
Each and every multiple ownership must be registered with the Commission. All multiple ownerships with the exception of partnerships wherein no more than two persons are involved shall race in a multiple ownership stable name. No license shall be granted to any partnership, syndicate or other form of multiple ownership or to the lessee of any such entity excluding corporations wherein the number of persons having a beneficial interest therein exceeds 35.
N.J. Admin. Code § 13:70-5.19
See: 14 New Jersey Register 91(a), 14 New Jersey Register 661(a).
Section substantially amended.