¹497.209  Application for change of control among existing stockholders or partners; investigation fee.--Any stockholders or partners who intend to acquire control of an existing cemetery company from other stockholders or partners shall first apply to the board for approval for the proposed change of control. The application shall contain the names and addresses of the stockholders or partners seeking to acquire control and a financial statement signed by all officers of the company attesting to a net worth of at least $50,000. The board may approve the change of control only after it has conducted an investigation of the applicants and determined that such individuals are qualified by character, experience, and financial responsibility to control and operate the cemetery company in a legal and proper manner and that the interest of the public generally will not be jeopardized by the change in ownership and management. The department may examine the records of the cemetery company as part of the investigation in accordance with this chapter. The application shall be accompanied by an investigation fee of $2,500.

History.--s. 5, ch. 59-363; s. 2, ch. 63-324; s. 1, ch. 65-288; ss. 12, 35, ch. 69-106; s. 138, ch. 71-355; s. 3, ch. 73-326; s. 3, ch. 76-168; s. 1, ch. 77-457; s. 2, ch. 78-369; ss. 6, 39, 40, ch. 80-238; ss. 2, 3, ch. 81-318; s. 5, ch. 85-202; s. 1, ch. 89-8; ss. 61, 122, ch. 93-399; s. 157, ch. 2004-301.

¹Note.--Repealed October 1, 2005, by s. 157, ch. 2004-301.