Transfer of license or stock ownership subject to approval--Standards applied

All transfers of licenses to collect or disburse money under the certificate system or transfers of stock in a corporation holding a license shall be subject to prior review and approval by the commission, and the disclosure requirements as provided in § 42-7-59 . The commission may approve minor transfers of stock without a hearing. The commission shall apply the standards provided in § 42-7-91 in determining whether it shall permit a transfer of stock. Source: SL 1978, ch 302 , § 18; SL 1991, ch 349 , § 17; SL 2005, ch 229 , § 4.