Okla. Admin. Code § 710:15-2-4

Current through Vol. 42, No. 7, December 16, 2024

Section 710:15-2-4 - Qualification for Aircraft Dealer License

(a)Status as a bona fide dealer. In addition to all conditions mandated by statute, compliance with the prerequisites and qualifications described in this Section must be established in order to qualify for issuance or renewal of an Aircraft Dealer License:

(1) If the applicant is a new dealer who has not previously engaged in the business of making sales of aircraft, the applicant shall provide a business plan or other documentation that will show that the applicant may reasonably be expected to be actively engaged in the sale of aircraft.

(2) The applicant must provide information showing that the location to be licensed is an establishment that has been consistently identified as an aircraft dealership in advertising signs, telephone book listings, or other documentation which will show that anyone visiting the location to be licensed will be able to clearly identify the location as being in the business of buying and selling aircraft.

(3) The applicant must provide a financial statement, contracts, business plans that are indicative of the applicant's ability to carry on the business of buying and selling aircraft consistent with the safeguarding of the public interest and the public welfare.

(4) The applicant must provide any other pertinent information which the Tax Commission may require.

(b)Tax compliance status. The applicant shall be in good standing with all tax laws of the State of Oklahoma.

Okla. Admin. Code § 710:15-2-4

Added at 18 Ok Reg 2805, eff 6-25-01; Amended at 21 Ok Reg 1123, eff 5-13-04