10.07.15.02

.02 Application Requirements.

A. Any person desiring to open a related institution or to continue the operation of a related institution shall file an application with the Secretary, on a form provided by the Secretary.

B. Applications on behalf of a corporation, association, or governmental unit or agency shall be made by two officers of the corporation, association, or governmental unit or agency and names of their board members shall be submitted.

C. Ownership of property, real estate, and equipment shall be disclosed if it is other than the licensee’s.

D. The names of persons holding 2 percent or more of the stock or assets shall be disclosed.