Current through Vol. 24-21, December 1, 2024
Section R. 436.1049 - Transfer of license or corporate stock while an alleged violation is pending final dispositionRule 49.
(1) If the licensee has been cited in a violation report, a transfer of a license shall not be completed before final disposition of the alleged violation.(2) If the licensee has been cited in a violation report, a transfer of more than 10% in the aggregate of the stock of a licensed corporation or a transfer of 10% or more in the aggregate of the membership in a limited liability company shall not be completed before final disposition of the alleged violation.(3) A licensee shall not transfer a license, transfer an interest in a license, or remove a license from escrow with the commission until that licensee has paid all outstanding fines, fees, or charges levied by the commission, except upon prior written order of the commission.Mich. Admin. Code R. 436.1049