§210. Transfer of ownership interests
1. Transfer application. A licensee may apply to the department, on forms prepared and furnished by the department, for approval to transfer ownership interests in the license, including, but not limited to, a transfer of only a portion of the ownership interests in the license.
[PL 2017, c. 409, Pt. A, §6 (NEW).]
2. Compliance with licensure requirements; rules. A person seeking to assume an ownership interest in a license pursuant to this section must demonstrate to the department compliance with all applicable requirements for licensure under this chapter and the rules adopted under this chapter. The department shall by rule adopt requirements for the submission of a license transfer application and standards for the approval of a license transfer application, including, but not limited to, provisions relating to local authorization of a transfer of ownership interests in a license.
[PL 2017, c. 409, Pt. A, §6 (NEW).]
SECTION HISTORY
PL 2017, c. 409, Pt. A, §6 (NEW).
Structure Maine Revised Statutes
TITLE 28-B: ADULT USE CANNABIS
Chapter 1: CANNABIS LEGALIZATION ACT
Subchapter 2: GENERAL LICENSING REQUIREMENTS
28-B §201. License process; license types
28-B §202. General licensing criteria
28-B §203. Additional licensing considerations
28-B §204. Criminal history record check
28-B §205. Application process; issuance of license
28-B §207. Application fees; license fees
28-B §210. Transfer of ownership interests
28-B §211. Relocation of licensed premises
28-B §212. Termination of license
28-B §213. Notice of new owner, officer, manager or employee
28-B §215. Notification to municipality; sharing of information with Bureau of Revenue Services