Section 16-97-7.2 - Responsible principal for more than one agency An individual may be a responsible principal for more than one agency, but not more than two, if:
(1) There is a common ownership of at least fifty-one percent of the equity of each entity for which the individual acts as the responsible principal; or(2) An entity applying for an agency license is a subsidiary of or joint venture with another licensed firm; or(3) There is an immediate and direct family relationship between the responsible principal and the officers, directors, members, managers, or partners of the other licensed firm for which the individual acts as the responsible principal; or(4) There is an immediate and direct family relationship between the officers, directors, members, managers, and partners of all detective or guard entities for which the individual acts as the responsible principal; and(5) The board is satisfied that it is in the public's interest and that the individual is competent, able, and qualified to be a responsible principal for more than one agency.[Eff and comp 3/14/11] (Auth: HRS § 463-3) (Imp: HRS §§ 463-5, 463-6, 463-7, 463-8)