Section 72.6. Change in status of cigarette dealer’s business

A cigarette dealer shall immediately inform the Department, in writing, prior to or immediately after:

(1) Taking actions that would change any information on the dealer’s license application or as last reported to the Department, including a change of name or, if the dealer is a corporation or partnership, a change in the dealer’s officers, directors or partners.

(2) Filing a certificate of dissolution with the Department of State or filing a similar document in another jurisdiction.

(3) Filing a voluntary petition in bankruptcy or receivership or receiving notice of an involuntary bankruptcy petition.

(4) Merging or consolidating with another business.

(5) Terminating business activities.

(6) If the dealer is a corporation, the acquisition by any person or entity of 10% or more of the number of shares of voting stock of the corporation.