§ 30208 Securities Depository License Transfer

• •You can't give or sell your securities depository license to someone else.
• •You can't buy a securities depository license, even partly, without the commissioner's okay.
• •The license stays with the original person or company it was given to.

If you own a company with a securities depository license and want to sell your company to someone else.

You can't just sell the license with the company. The new owner has to get permission from the commissioner first, or they won't be allowed to use the license.