Kan. Admin. Regs. § 36-27-3

Current through Register Vol. 43, No. 24, June 13, 2024

Section 36-27-3 - Transfers of ownership of certified locations

When a transfer occurs in the ownership of a certified salvage storage location, the following will be required:

(a) If a transfer in ownership does not constitute a change in the entire ownership, the owner or owners shall apply for a correction of the owner records at no additional fee. Transfers of ownership may include the following:

(1) The addition of a partner to the business;

(2) the withdrawal of a partner from the business or the sale and transfer of the interest of a partner; or

(3) ownership and operation of the business by a surviving spouse, personal representative, heir, legatee of the deceased owner or one or more of them.

(b) If the change in ownership constitutes a total change in ownership of the certified location, the new owner or owners shall apply for a new certificate of compliance. The application shall be accompanied by the annual or semiannual fee, whichever is applicable.

Kan. Admin. Regs. § 36-27-3

Authorized by K.S.A. 68-2212; implementing K.S.A. 68-2205, as amended by L. 1987, Ch. 263, Sec. 1; effective Jan. 1, 1972; amended May 1, 1988.