What is the minimum ownership percentage required for consent to terminate a license?

The minimum ownership percentage required for consent to terminate a license is 25%. This threshold is significant in ensuring that a substantial minority of ownership can influence decisions related to license operations. When ownership reaches this level, it establishes a critical mass of stakeholders who have a vested interest in the continuance or termination of the license.

Having a 25% ownership requirement balances the need for the minority owners to have a say while also preventing potential disruptions from small shareholders. This percentage is often used in governance structures to ensure that decisions are made with consideration of a broader interest group, which is essential in operational settings like private security service licensing. Thus, in the context of the Texas DPS Private Security Bureau regulations, this 25% figure is not arbitrary but rooted in the desire for effective management and decision-making processes within licensed entities.