Sec. 150.217. - Corporate licensee; maintenance of stock register; report.

(a) Any corporation holding a licensee under this Part shall maintain a stock register at the principal office of the corporation in the City and the stock register shall be available to the Sheriff for inspection. Such corporation shall report to the Sheriff, in writing, any of the following: (1) Issuance or transfer of any shares of stock, or beneficial ownership thereof, to any person where the issuance or transfer results in the person owning ten percent or more of the stock or beneficial ownership of the corporation; (2) Changes of any of the corporate officers required to be reported by State law; (3) Changes of the members of its Board of Directors. The report shall be filed with the Sheriff within 30 days after the issuance or transfer of corporate stock, or beneficial ownership thereof, changes of corporate officers, or changes of members of the Board of Directors. (b) The provisions of this Section shall not apply to any of the following: (1) A corporation, the stock of which is listed on a stock exchange; (2) A bank, trust company, financial institution or title company to which a permit is issued in a fiduciary capacity; or (3) A corporation which is required by law to file periodic reports with the Securities and Exchange Commission. (Ord. 94-190-651, § 1)