SB505 SFA Azinger #1 2-10

Casey  7988


Senator Azinger moved to amend the bill on page six, section one, after line one hundred twenty-one, by inserting a new subsection, designated subsection (11), to read as follows:

(11) “Principal” means a licensee’s owner, president, senior officer responsible for the licensee’s business, chief financial officer or any other person who performs similar functions or who otherwise controls the conduct of the affairs of a licensee. A person controlling ten percent or more of the voting stock of any corporate applicant is a principal under this provision.