(a) Except as provided in (b) of this section, a license granted under this chapter is a personal privilege and is not assignable.
(b) Upon the death of a collection agency licensee, the department has the right to transfer the license of the decedent to the executor or administrator of the decedent's estate for the period of the unexpired term of the license and the court having jurisdiction of the probate of the estate of the decedent may authorize the executor or administrator to continue the collection agency business of the decedent and upon other terms and conditions as the court may prescribe.
(c) The death of the operator of a corporate licensee shall in no way interfere with the continuation of the licensed business if another licensed operator is placed in management control of the corporate licensee.
Section: Previous 08.24.130 08.24.135 08.24.140 08.24.150 08.24.160 08.24.170 08.24.180 08.24.190 08.24.200 08.24.210 08.24.220 08.24.230 08.24.240 08.24.250 08.24.260 NextLast modified: November 15, 2016