D.C. Mun. Regs. r. 23-601
If there is a change in corporate officers, directors, limited or general partners in a partnership, or persons owning or controlling ten percent (10%) or more of the common stock of the corporate license, the corporation or partnership shall submit to the Board within fifteen (15) calendar days the minutes or other instrument giving the names and addresses of any new officer, director, partner, or person holding ten percent (10%) or more of the stock.
Within fifteen (15) calendar days of the change, the corporation or partnership shall furnish to the Board any data pertaining to the personal and business history of any new officer, director, stockholder, general or limited partner in a partnership, or other person that the Board may require.
The fee for a change of officer, director, stockholder, or general or limited partner in a partnership shall be one hundred dollars ($100).
If there is a change in the general partners of a limited partnership or the members of a limited liability company, the partnership or limited liability company owning or controlling ten percent (10%) of the partnership interest shall submit to the Board in a timely manner, but no later than fifteen (15) calendar days after the changes has occurred, the instruments reflecting the change in partnership or membership interests.
When there is any change as described in § 601.1 or § 601.4, the licensee shall, within ten (10) calendar days, submit a sworn affidavit to the Board that no change which could be deemed a "substantial change" to the business, as set out in D.C. Official Code §§ 25-404 and 25-762, will occur within the current licensure period.
If a change which could be deemed a "substantial change" will occur before the licensure period expires, the licensee shall be governed by all the provisions of D.C. Official Code §§ 25-313 and 25-314, and D.C. Official Code § 25-404.
If the licensee knowingly makes a false swearing under § 601.5, the Board may, in its discretion, order the licensee to show cause why its license should not be fined, suspended, or revoked pursuant to D.C. Official Code § 25-401(c), or may deny the license application, or treat the licensee as a new applicant, subject to all of the provisions of D.C. Official Code §§ 25-313 and 25-314.
If the licensee fails to adhere to any filing requirements set out in D.C. Official Code § 25-405, the Board may, in its discretion, order the licensee to show cause why the license should not be suspended or revoked, or impose a civil fine based upon the primary tier schedule set forth in D.C. Official Code § 25-830(c), or deny the application for transfer.
Nothing in this subsection shall apply to publicly traded companies.
D.C. Mun. Regs. r. 23-601