{"data":{"id":"us-de/4-del.-c.-1372","jurisdiction":"us-de","citation":"4 Del. C. § 1372","heading":"Change in ownership.","body":"(a) In order to change ownership of a license, all of the following must be filed with the Commissioner on behalf of the new owner or owners:\n(1) An application.\n(2) A financial statement of the new owner or owners.\n(3) Personal financial statements of all individuals, partners, or stockholders holding at least 10% of the corporate stock.\n(4) A copy of the agreement of the terms of the sale or other exchange of financial interest, including stock distribution.\n(5) Copy of all documents explaining interest and profit/loss distribution.\n(6) Any application fee required by the Commissioner.\n(7) Any other documents requested by the Commissioner.\n(b) A change in ownership includes a change in the entire ownership, change in the partial ownership, or the sale or exchange of shares of stock by stockholders.","path":["Title 4. Alcoholic Liquors and Marijuana","CHAPTER 13. The Delaware Marijuana Control Act","Subchapter VII. Owner and Financial Interests of Licensee"],"source_url":"https://delcode.delaware.gov/title4/c013/sc07/index.html#1372","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:04Z","sha256":"5f5c77ebbc8f989b66e71267c6ae784e72301dc63b23c3f39820f4eeaa709cdc","source_id":"us-de","stale":true,"prev":"us-de/4-del.-c.-1371","next":"us-de/4-del.-c.-1373"},"notice":"GroundRules: Original legal text. Not legal advice."}