Current through Register Vol. 54, No. 45, November 9, 2024
Section 901.148 - Dissolutions, terminations, mergers and bankruptcies(a) A distributor shall notify the Department, in writing, within 10 days of one or more of the following actions on the part of the distributor: (1) The filing with the Department of State of a certificate of election to dissolve, or the filing of a similar document in another jurisdiction.(2) The filing of a petition in bankruptcy or receivership by the distributor.(3) The merging or consolidating with another entity.(4) The termination of its business activities by a process, legal or equitable, voluntary or involuntary, formal or informal, in or out of this Commonwealth.(b) A notice of the decision to dissolve is required if filing is not required.The provisions of this §901.148 amended August 11, 2006, effective 8/12/2006, 36 Pa.B. 4475. This section cited in 61 Pa. Code § 901.153 (relating to raffle, daily drawing and weekly drawing ticket distributors).