D.C. Mun. Regs. tit. 23, r. 23-602
Current through Register Vol. 71, No. 44, November 1, 2024
The Board shall only approve as a member or managing member of a limited liability company an owner owning more than zero percent (0%) for purposes of recognizing applicants or licensees.
Nothing in this section shall prevent an individual with an ownership of zero percent (0%) in a limited liability company from serving as a manager or an officer of the limited liability company.
A manager or an officer of a limited liability company with an ownership interest of zero percent (0%) shall not be considered by the Board as an owner of the license, applicant or licensee.
D.C. Mun. Regs. tit. 23, r. 23-602