Administrative Rules of Montana
Department 2 - ADMINISTRATION
Chapter 2.59 - BANKING AND FINANCIAL INSTITUTIONS
Subchapter 2.59.7 - Escrow Business
Rule 2.59.702 - CHANGE OF OWNERSHIP IN ESCROW BUSINESS
Universal Citation: MT Admin Rules 2.59.702
Current through Register Vol. 18, September 20, 2024
(1) In the event of a change of ownership of an escrow business, the buyer(s) shall file with the department of administration, a new application for a license. For the purpose of this rule, a change in ownership will be deemed to occur when a 25% or more partnership interest of 25% or more of the outstanding voting stock in a corporation is transferred to a new owner.
Sec. 32-7-108, MCA; IMP, Sec. 32-7-111, MCA;
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