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Form a Business

Change of corporate ownership.

NYC Admin. Code § 20-110
in effect
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§ 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.
Source: City of New York, Charter, Administrative Code and Rules (American Legal Publishing XML export, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/newyorkcity/latest/NYCadmin/0-0-0-32554Fetched: 10/24/2026

Starting a business in New York? New York LLC guide: costs and requirements

20-110 | Corpus