Pennsylvania Code
Title 61 - REVENUE
Part VII - Local Option Small Games of Chance
Chapter 901 - LOCAL OPTION SMALL GAMES OF CHANCE
Subchapter B - LICENSING AND REGISTRATION
DISTRIBUTOR LICENSING
Section 901.148 - Dissolutions, terminations, mergers and bankruptcies
Universal Citation: 61 PA Code ยง 901.148
Current through Register Vol. 54, No. 44, November 2, 2024
(a) A distributor shall notify the Department, in writing, within 10 days of one or more of the following actions on the part of the distributor:
(1) The
filing with the Department of State of a certificate of election to dissolve,
or the filing of a similar document in another jurisdiction.
(2) The filing of a petition in bankruptcy or
receivership by the distributor.
(3) The merging or consolidating with another
entity.
(4) The termination of its
business activities by a process, legal or equitable, voluntary or involuntary,
formal or informal, in or out of this Commonwealth.
(b) A notice of the decision to dissolve is required if filing is not required.
This section cited in 61 Pa. Code § 901.153 (relating to raffle, daily drawing and weekly drawing ticket distributors).
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