46.2-1992.15 - Changes in form of ownership, line-make, name.
§ 46.2-1992.15. Changes in form of ownership, line-make, name.
Any change in the form of ownership or the addition or deletion of a partnershall require a new application, license, and fee.
Any addition or deletion of a franchise or change in the name of a dealershall require immediate notification to the Department, and the Commissionershall endorse the change on the license without a fee. The change of anofficer or director of a corporation shall be made at the time of licenserenewal.
(1996, cc. 1043, 1052.)