11 NCAC 13 .0411             NOTICE TO COMMISSIONER

Each corporate motor club licensee shall advise the Commissioner in writing within ten days of:

(1)           the name and resident address of each new stockholder owning ten percent or more of any class of outstanding capital stock of the motor club;

(2)           each director or officer who terminates or alters his status with the motor club;

(3)           the name and address of each person who becomes an officer or director of the motor club; and

(4)           each new employee hired to act as a salesman, representative or agent.

History Note:        Authority G.S. 58-2-40; 58-69-20(5);

Eff. February 1, 1976;

Readopted Eff. January 1, 1978;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. June 25, 2016.