Section 487.1601 – Acquiring Control of Licensee; Application for Approval; Determinations by Commissioner.

487.1601 Acquiring control of licensee; application for approval; determinations by commissioner. Sec. 601. (1) Without the prior approval of the commissioner, a person shall not acquire control of a licensee. (2) With respect to an application for approval to acquire control of a licensee, if the commissioner determines, that the applicant and the directors, officers, […]

Section 487.1603 – Merger of Licensee With Another Business Firm; Conditions; Purchase by Licensee of Business of Another Person; Sale of Business; Application for Approval of Merger, Purchase, or Sale; Determinations.

487.1603 Merger of licensee with another business firm; conditions; purchase by licensee of business of another person; sale of business; application for approval of merger, purchase, or sale; determinations. Sec. 603. (1) A licensee shall not merge with another business firm unless 1 of the following applies: (a) If the licensee is the surviving business […]