Okla. Admin. Code § 165:30-6-7

Current through Vol. 41, No. 19, June 17, 2024

Section 165:30-6-7 - Name changes

(a) An application to change the name or business name of the holder of a TNC permit, without any change in the legal identity of the holder or any change in the ownership of the permit, except as provided in subsections (c), (d) or (e) below, shall be filed on the prescribed form (TDF 3) with such filing fee as prescribed by law or by Commission rule. No hearing shall be necessary unless the Commission so requires.

(b) Any change in legal identity of the holder of a TNC permit, except as provided in subsections (c), (d) or (e) below, including but not limited to incorporation or dissolution of a corporation, formation or dissolution of a partnership or creation or dissolution of a trust shall require an original application for a permit.

(c) The following shall be considered a name change:

(1) Incorporation by a sole proprietor in which the sole proprietor is the majority shareholder of the corporation, limited liability company or limited liability partnership.

(2) Incorporation by a partnership in which the partners are the majority shareholders of the corporation.

(3) A change in legal entity from a corporation, limited liability company or a limited liability partnership to a sole proprietorship, a partnership, a limited liability corporation or a limited liability partnership in which the sole proprietor, partners or shareholders hold the majority of all issued and outstanding shares of the corporation.

(4) The merger of two or more corporations in which the survivor is the holder of a current permit.

(d) The transfer of stock in a corporation that shall result in any entity controlling fifty one percent (51%) or more of the aggregate number of voting shares of the corporation shall not be deemed a name change.

(e) The employment of incorporation, change of name or similar action directly or indirectly as a device to circumvent the rules of this Chapter is prohibited.

Okla. Admin. Code § 165:30-6-7

Adopted by Oklahome Register, Volume 33, Issue 23, August 15, 2016, eff. 9/1/2016