Oregon Statutes - Chapter 701 - Construction Contractors and Contracts - Section 701.114 - Change in responsible managing individual or persons exercising control of contractor.

A contractor licensed under this chapter shall immediately notify the Construction Contractors Board of any change in the identity, name or address of a person who holds a position with the contractor that is described in ORS 701.046 (1)(h) or (i) or of a responsible managing individual for the contractor as defined in ORS 701.091. If a partner or joint venturer departs from a contractor that is a partnership or joint venture, the contractor must obtain a new license before continuing to conduct activities that require a license under this chapter. [2007 c.114 §7; 2007 c.478 §1a]

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Last modified: August 7, 2008