Utah § 7-25-302 - Changes in control of a licensee.
Full text of Utah Utah Code § 7-25-302 — Changes in control of a licensee., with citation guidance and answers to common questions.
§ 7-25-302. Changes in control of a licensee.
7-25-302. Changes in control of a licensee.
| (1) | A change in control of a licensee shall require prior notice to the commissioner. In the case of a publicly traded corporation, notification shall be made in writing within 15 days of a change or acquisition of control of a licensee. Upon notification, the commissioner may require information considered necessary to determine whether an application for a license is required. The commissioner may waive the filing of an application if, in the commissioner's discretion, the change in control does not pose a risk to the interests of the public. |
| (2) | Whenever control of a licensee is acquired or exercised in violation of this section, the license of the licensee shall be considered revoked as of the date of the unlawful acquisition of control. The licensee, or its controlling person, shall surrender the license to the commissioner on demand. |
Enacted by Chapter 284, 2015 General Session
Source: official Utah text · Last verified 2026-08-27
Frequently Asked Questions About Utah § 7-25-302
What does Utah Code § 7-25-302 cover?
Section 7-25-302 ("Changes in control of a licensee.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 7-25-302?
A common citation format is "Utah Code § 7-25-302" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 7-25-302 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Utah.