Section 1290.30 Dispensing Organization Principal Officers

Section 1290.30  Dispensing Organization Principal

Officers

a)         In

addition to the individuals identified in the dispensing organization's by-laws

as principal officers, the following individuals are considered principal

officers:

1)         If a

corporation, the officers of the corporation;

2)         If a

partnership, the partners;

3)         If a

limited liability company, the members and managers of the limited liability

company;

4)         If an

association or cooperative, the members of the association or cooperative;

5)         If a

joint venture, the individuals who signed the joint venture agreement; and

6)         If a

business organization other than the types listed in subsections (a)(1) through

(5), the members of the business organization.

b)         A dispensing

organization may not be established as a trust. A trust may not have an

ownership interest in a registered dispensing organization.

c)         If a

dispensing organization parent company, holding company or any other entity

exerts management or control over the dispensing organization, that entity is a

dispensing organization principal officer, including the officers, board

members and the individuals with an ownership interest in it that have more

than a one percent ownership interest in the dispensing organization.