47-18-311 - Certificate of registration Transferability Change of ownership.
47-18-311. Certificate of registration Transferability Change of ownership.
(a) No certificate of registration shall be transferable to another person.
(b) Upon a change in the information contained in the original application for a certificate of registration or in the most current application for renewal thereof, which reflects a change of ownership of more than forty-nine percent (49%) of a health club or any of its locations, a new certificate of registration shall be applied for and obtained prior to commencing or continuing business.
[Acts 1989, ch. 460, § 4.]