Code of Virginia - Title 46.2 Motor Vehicles - Section 46.2-1517 Changes in form of ownership, make, name

§ 46.2-1517. Changes in form of ownership, make, name

Any change in the form of ownership or the addition or deletion of a partner shall require a new application, license, and fee.

Any addition or deletion of a franchise or change in the name of a dealer shall require immediate notification to the Department and the Board, and the Board shall endorse the change on the license without a fee. The change of an officer or director of a corporation shall be made at the time of license renewal.

(1988, c. 865, § 46.1-525.08; 1989, c. 727; 1995, cc. 767, 816.)

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Last modified: April 3, 2009