Mo. Code Regs. tit. 12 § 40-40.150

Current through Register Vol. 49, No.12, June 17, 2024

Section 12 CSR 40-40.150 - Change of Information

PURPOSE: This amendment clarifies retailer requirements with respect to changes of information and includes those requirements in a single rule.

(1) The licensee must notify the director of any of the following changes in his/her business:

(A) Any change of business structure;

(B) Changes of ownership for corporations (sale of ten percent (10%) or more of the equity) ;

(C) Changes in the officers; and

(D) Changes in the board of directors.

(2) The director shall require additional information when it is necessary to conduct background information on any persons added to the business.

The director may require a payment for any required investigation under this rule.

(3) The director may require a new contract on the basis of the factors set forth in 12 CSR 40-40.090.

12 CSR 40-40.150

AUTHORITY: section 313.220, RSMo Supp. 1988.* Original rule filed Sept. 4, 1985, effective Sept. 14, 1985.

Amended by Missouri Register January 15, 2015/Volume 40, Number 02, effective 2/28/2015

Amended by Missouri Register May 15, 2018/Volume 43, Number 10, effective 7/2/2018

*Original authority 1985, amended 1988.