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Delaware Code Title 4. Alcoholic Liquors and Marijuana § 1372. Change in ownership

Current as of January 01, 2026 | Updated by Findlaw Staff

(a) In order to change ownership of a license, all of the following must be filed with the Commissioner on behalf of the new owner or owners:

(1) An application.

(2) A financial statement of the new owner or owners.

(3) Personal financial statements of all individuals, partners, or stockholders holding at least 10% of the corporate stock.

(4) A copy of the agreement of the terms of the sale or other exchange of financial interest, including stock distribution.

(5) Copy of all documents explaining interest and profit/loss distribution.

(6) Any application fee required by the Commissioner.

(7) Any other documents requested by the Commissioner.

(b) A change in ownership includes a change in the entire ownership, change in the partial ownership, or the sale or exchange of shares of stock by stockholders.

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Cite this article: FindLaw.com - Delaware Code Title 4. Alcoholic Liquors and Marijuana § 1372. Change in ownership - last updated January 01, 2026 | https://codes.findlaw.com/de/title-4-alcoholic-liquors-and-marijuana/de-code-sect-4-1372/

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