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Sabor corporate-change request delayed after committee insists buyer attend hearing
Summary
An applicant for a corporate change at Sabor told the committee the buyer was not present; members declined to act without the buyer and asked for the incoming principal to appear and acknowledge existing stipulations.
Manhattan City Licensing Committee — An applicant seeking approval for a corporate change at Sabor told the licensing committee that the prospective buyer was absent from the meeting and that staff at the licensing office had only instructed the seller to file forms. Committee members said they could not approve a corporate-change application without the person who will run the business appearing to accept the license stipulations and to demonstrate knowledge of the operation.
Why it matters: Corporate-change requests transfer operational control or ownership interests and typically require the new…
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