Markham By-law 2018-90, s. 7 — Where a corporation is the holder of an Owner’s or Operator’s Licence or Licences, the corporation shall forthwith notify the Licensing Officer in writing of all transfers of existing shares and of the issue of any existing or new shares of the capital stock of the corporation, and of any such transaction involving the shares of any corporation referred to in section 4 and the Licensing Officer may, in its discretion, determine whether the Licence or Licences shall be revoked
Licensing and Regulation of Stationary Businesses By-law
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Where a corporation is the holder of an Owner’s or Operator’s Licence or Licences, the corporation shall forthwith notify the Licensing Officer in writing of all transfers of existing shares and of the issue of any existing or new shares of the capital stock of the corporation, and of any such transaction involving the shares of any corporation referred to in section 4 and the Licensing Officer may, in its discretion, determine whether the Licence or Licences shall be revoked.
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- 5 All Returns required by section 4 of this section shall be filed with the Licensing Officer at the same time as the filing of the application for the Licence
- 6
- 8 Where, by a transfer of existing shares or by an issue of new or existing shares, the controlling interest in a corporation holding one or more Owner’s or Operator’s Licences is determined by the Licensing Officer to have changed hands, such Licence or Licences shall be terminated forthwith and the Licensing Officer may issue a new Licence or new Licences upon payment of the prescribed fee. The Licensing Officer may refuse to issue a new Licence or Licences if it determines that it is in the public interest so to do
- 9 Where the shares of a corporate Owner or Operator are held in whole or in part by another corporation, such Owner or Operator shall file with the Licensing Officer at the same time as the Owner or Operator an Annual Return as provided in section 4 of this section and if the shares in such other corporation are in turn held in whole or in part by a third corporation, then such Owner or Operator shall likewise file such an Annual Return in respect of such third corporation and so on until the names of all living Persons are shown and identified as the shareholders of any and all corporations having an interest, direct or indirect, in the corporate Owner or Operator
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