Section 120.250  Sale of Capital Stock

No sale, transfer or assignment of capital stock of a corporate licensee shall be made without first obtaining the consent and approval of the Director.  Any person contemplating the acquisition of such shares of stock shall first apply for such consent and approval by filing with the Director an applicant's questionnaire together with a personal sworn financial statement, credit report, investigation fee and any other information the Director may deem necessary, pursuant to Section 10 of the Currency Exchange Act.

(Source:  Amended at 9 Ill. Reg. 1358, effective January 17, 1985)