§ 3312. Application for initial license. 1. An applicant for an
initial license to manufacture or distribute controlled substances shall
furnish to the department such information as it shall require and
evidence that the applicant:

(a) and its managing officers are of good moral character;

(b) possesses sufficient land, buildings and equipment to properly
carry on the activity described in the application;

(c) is able to maintain effective control against diversion of the
controlled substances for which the license is sought;

(d) is able to comply with all applicable state and federal laws and
regulations relating to the manufacture or distribution of the
controlled substances for which the license is sought.

2. The application shall include the name, residence address and title
of each of the officers and directors and the name and residence address
of any person having a ten percentum or greater proprietary, beneficial,
equitable or credit interest in the applicant. Each such person, if an
individual, or lawful representative if a legal entity, shall submit an
affidavit with the application setting forth:

(a) any position of management or ownership during the preceding ten
years of a ten percentum or greater interest in any other business,
located in or outside this state, manufacturing or distributing drugs;
and

(b) whether such person or any such business has been convicted,
fined, censured or had a license suspended or revoked in any
administrative or judicial proceeding relating to or arising out of the
manufacture or distribution of drugs; and

(c) such other information as the commisisoner may require.

3. The applicant shall be under a continuing duty to report to the
department any change in facts or circumstances reflected in the
application on any newly discovered or occurring fact or circumstance
which is required to be included in the application.