A. If the applicant is an individual:
1. The applicant shall be at least eighteen (18) years of age.
2. The applicant shall not have been convicted of or pleaded nolo contendere to a felony or other crime involving moral turpitude within ten (10) years immediately preceding the date of the application; and
3. The applicant shall not have been convicted of or pleaded nolo contendere to any violation of the provisions of T.C.A. 7-51-1101 et. seq., or of this chapter.
B. If the applicant is a corporation:
1. All officers, directors and stockholders required to be named pursuant to this chapter shall be at least eighteen (18) years of age.
2. No officer, director, or stockholder required to be named under this chapter shall have been convicted of or pleaded nolo contendere to a felony or any crime involving moral turpitude within ten (10) years immediately preceding the date of the application; and
3. No officer, director, or stockholder required to be named pursuant to this chapter shall have been convicted of or pleaded nolo contendere to any violation of this chapter or of the provisions of T.C.A. 7-51-1101, et. seq.
C. If the applicant is a partnership, joint venture, or any other type of organization where two (2) or more persons have a financial interest:
1. All persons having a financial interesting the partnership, joint venture, or other type of organization shall be at least eighteen (18) years of age.
2. No person having a financial interest in the partnership, joint venture, or other type of organization shall have been convicted of or pleaded nolo contendere to a felony or any crime involving moral turpitude within ten (10) years immediately preceding the date of the application.
3. No person having financial interest in the partnership, joint venture, or other type of organization shall have been convicted of or pleaded nolo contendere to any violation of this chapter or of the provisions of T.C.A. 7-51-1101, et. seq.