A North Carolina licensee wants to change control in 2026 without filing a new application. How far in advance must it give notice to use the existing-license approval process?
Correct Answer
B) Give notice at least 60 days before the effective date
A licensee may transfer a license without submitting an application by giving the Commissioner notice at least 60 days in advance of the effective date of the proposed change, and the Commissioner determining that continuing under the existing license would not be inconsistent with the purposes of the Act. Other choices: the notice runs ahead of the change; it is 60 days rather than 30; and the no-application route exists. Source: 04 NCAC 03M .0202(b)(1)
Why This Is the Correct Answer
A licensee may transfer a license without submitting an application by giving the Commissioner notice at least 60 days in advance of the effective date of the proposed change, and the Commissioner determining that continuing under the existing license would not be inconsistent with the purposes of the Act. Other choices: the notice runs ahead of the change; it is 60 days rather than 30; and the no-application route exists. Source: 04 NCAC 03M .0202(b)(1)
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