Tenn. Comp. R. & Regs. 0320-01-.04

Current through October 22, 2024

Section 0320-01-.04 - CHANGE OF OWNERSHIP

As referenced in T.C.A. §§ 62-20-108 and 62-20-113, "change in ownership" means:

(1) In a sole proprietorship or partnership, any change in the person(s) having an ownership interest in the collection service business;

(2) In a corporation or limited liability company (LLC), an aggregate change of fifty (50) percent or more of the shares, ownership or other member interest, respectively.

Tenn. Comp. R. & Regs. 0320-01-.04

New rule filed October 26, 2016; effective 1/24/2017.

Authority: T.C.A. §§ 62-20-104(g), 62-20-108, and 62-20-113.