§ 901.148. Dissolutions, terminations, mergers and bankruptcies.
(a) A distributor shall notify the Department, in writing, within 10 days of one or more of the following actions on the part of the distributor:
(1) The filing with the Department of State of a certificate of election to dissolve, or the filing of a similar document in another jurisdiction.
(2) The filing of a petition in bankruptcy or receivership by the distributor.
(3) The merging or consolidating with another entity.
(4) The termination of its business activities by a process, legal or equitable, voluntary or involuntary, formal or informal, in or out of this Commonwealth.
(b) A notice of the decision to dissolve is required if filing is not required.
Source The provisions of this § 901.148 amended August 11, 2006, effective August 12, 2006, 36 Pa.B. 4475. Immediately preceding text appears at serial page (265874).
Cross References This section cited in 61 Pa. Code § 901.153 (relating to raffle, daily drawing and weekly drawing ticket distributors).
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