Professional statute overview
Enactment structure, operative effect and source provenance
01
Purpose and legislative effect
“Changes in control of a licensee. A change in control of a licensee shall require prior notice to the commissioner. In the case of a publicly traded corporation, notification shall be made in writing within 15 days of a change or”
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02
How the instrument operates
- 01
Start with the recorded version
Enacted 2015. The date shown identifies this source expression and should not be treated as proof that no later change exists.
- 02
Locate the controlling provision
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- 03
Read conditions and exceptions together
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- 04
Verify currency and official wording
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03
Research entry points
Selected provisions across the instrument. Open any row to continue with the exact stored text.
Changes in control of a licensee. A change in control of a licensee shall require prior notice to the commissioner. In the case of a publicly traded corporation, notification shall be made in writing within 15 days of a change or
Section 7-25-302
A change in control of a licensee requires prior notice to the commissioner; if the licensee is a publicly traded corporation, the notice must be written and filed within 15 days.
Section 7-25-302(1)
If control of a licensee is acquired or exercised in violation of this section, the license is treated as revoked as of the unlawful acquisition date, and the licensee or its controlling person must surrender the license to the commissioner on demand.
Section 7-25-302(2)
04
Source and current-law status
In force source record
Source record from le.utah.gov · Enacted 2015
This source records the instrument as in force. Confirm subsequent amendments, commencement notices, and judicial treatment before relying on it.