Okla. Admin. Code § 765:35-3-7
Current through Vol. 42, No. 6, December 2, 2024
Section 765:35-3-7 - Changes(a)Ownership. A change of ownership, including a change in a primary stockholder in the case of a corporation, or membership in the case of a limited liability company, shall require a new application and approval by the Commission before the business may begin operation.(b)Notification. A change of ownership or any other change, such as change of name or address, which makes Commission records no longer accurate must be reported to the Commission immediately in writing on forms prescribed by the Commission for approval by the Commission. The dealership must meet all the requirements as prescribed for licensing. The Commission may revoke or suspend a license after it has been granted for change of condition resulting in failure to maintain the qualifications for license. Okla. Admin. Code § 765:35-3-7
Added at 10 Ok Reg 4159, eff 7-26-93; Amended at 22 Ok Reg 2270, eff 6-25-05Amended by Oklahoma Register, Volume 32, Issue 23, August 17, 2015, eff. 8/27/2015