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A proposed sale, assignment or transfer of a portion of a business (a) that is a sole proprietorship, a partnership or a corporation that is not a distributing corporation as defined in the Business Corporations Act, and (b) under which the activities authorized by a facility licence or a registration relating to gaming are carried out must be reported to the Commission by the licensee or registrant and must be approved by the board prior to the effective date of the sale, assignment or transfer. |