SENATE AMENDMENT
Bill No. CS for CS for CS for SB 1680
Amendment No. ___ Barcode 430906
CHAMBER ACTION
Senate House
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04/23/2004 04:00 PM .
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11 Senator Saunders moved the following amendment:
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13 Senate Amendment
14 On page 15, line 29, through
15 page 16, line 5, delete those lines
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17 and insert:
18 (5) "Change in ownership" means an event in which the
19 licensee changes to a different legal entity or in which 45
20 percent or more of the ownership, voting shares, or
21 controlling interest in a corporation whose shares are not
22 publicly traded on a recognized stock exchange is transferred
23 or assigned, including the final transfer or assignment of
24 multiple transfers or assignments over a 2-year period which
25 cumulatively total 45 percent or greater. However, a change
26 solely in the management company is not a change of ownership.
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9:13 AM 04/23/04 s1680c3b-37k8a