Journal of the Proceedings of the City Council of the City of Chicago - November 15, 2017

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Fuente: Journal of the Proceedings of the City Council of the City of Chicago

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JOURNAL--CITY COUNCIL--CHICAGO

11/15/2017

required to be investigated, approved or checked. If the licensee does not hold a license that requires such an investigation, approval or check, the filing fee for the notice of change shall be $20.00 $100.00.

SECTION 2. Section 4-60-060 of the Municipal Code of Chicago is hereby amended by deleting the language stricken through and by inserting the language underscored, as follows:
4-60-060 Licenses - Fees and other policies.

Omitted text is unaffected by this ordinance
c Whenever any changes occur in the officers of the licensee, the licensee shall notify the department of business affairs and consumer protection in accordance with the procedures set forth in items 1, 2 and 3 of this subsection. For purposes of this subsection, the term "officer of the licensee" or "officers of the licensee" means the members of a partnership, the officers or directors of a club, the officers, directors, managers or shareholders of a corporation, or the managers or managing members of a limited liability company or other legal entity licensed pursuant to this chapter.

Omitted text is unaffected by this ordinance
2 If any officer of the licensee is removed from office in accordance with the bylaws, operating agreement or partnership agreement for the licensee, pursuant to law or court order, by reason of death or for any other reason, and the person removed from office is replaced by a person who has no ownership interest in the licensee or who owns less than five percent of the ownership interest in the licensee, then the licensee shall notify the department of business affairs and consumer protection of the change by filing with the department a change of officer form provided by the department within 30 days of the effective date of the change.
The person replacing the removed officer shall be fingerprinted as required by Section 4-60040b11, and the licensee shall submit to the department of business affairs and consumer protection, along with the change of officer form, the following: i proof that the person replacing the removed officer has been fingerprinted; ii a fee of $100.00 $500.00 which the commissioner of business affairs and consumer protection is authorized to assess; and iii any other supplementary materials prescribed by the rules and regulations of the department of business affairs and consumer protection.
3 If any officer of the licensee owning directly or beneficially more than five percent of the interest in the licensee is removed from office in accordance with the bylaws, operating agreement or partnership agreement for the licensee, pursuant to law or court order, by reason of death or for any other reason, and such officer is replaced, or if five percent or more of the ownership interest in the licensee changes hands or is transferred to a nonlicensee, the licensee shall notify the department of business affairs and consumer protection by submitting to the department within 30 days of the effective date of the change i a change of officers/shareholders application in conformity with the requirements of Section 4-60-040 and ii a fee of $250.00 $2,000.00 which the commissioner of business affairs and consumer protection is authorized to assess. All new partners, officers, directors, managers, managing members,

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