18 Va. Admin. Code § 50-22-220
Current through Register Vol. 40, No. 22, June 17, 2024
Section 18VAC50-22-220 - Change of responsible management, designated employee, or qualified individualA. Any change in the officers of a corporation, managers of a limited liability company, or officers or directors of an association shall be reported to the board in writing within 120 days of the change.B. Any change of designated employee shall be reported on a form provided by the board within 120 days of the change. The new designated employee for a Class B licensee shall meet the requirements of 18VAC50-22-50 B. The new designated employee for a Class A licensee shall meet the requirements of 18VAC50-22-60 B. More than one individual associated with a single firm may complete the examination requirements necessary for eligibility as the designated employee.C. Any change of qualified individual shall be reported on a form provided by the board within 45 days of the change. The new qualified individual for a Class C licensee shall meet the requirements of 18VAC50-22-40 B. The new qualified individual for a Class B licensee shall meet the requirements of 18VAC50-22-50 C. The new qualified individual for a Class A licensee shall meet the requirements of 18VAC50-22-60 C.18 Va. Admin. Code § 50-22-220
Derived from VR220-01-2:1 §5.3, eff. March 31, 1995; amended, Virginia Register Volume 17, Issue 21, eff. September 1, 2001; Amended, Virginia Register Volume 36, Issue 02, eff. 11/1/2019.Statutory Authority: § 54.1-201 of the Code of Virginia.