2006 New York Code - Change Of Corporate Ownership.

 
    §   20-110   Change  of  corporate  ownership.  Where  any  person  or
  organization becomes the beneficial owner of ten percent or more of  the
  stock of an organization to which a license has been granted pursuant to
  chapter  two,  if such person or organization previously did not hold at
  least a ten percent interest, such license shall immediately become void
  unless prior written approval of the commissioner or the  commissioner's
  designee is obtained.