Section 7-11-210 - Licensing of successor firms(a) A licensed broker-dealer or investment adviser may file an application for licensing of a successor, whether or not the successor is in existence, if the fee the director prescribes for the application is submitted with the application.(b) When a broker-dealer or investment adviser succeeds to and continues the business of a licensed broker-dealer or investment adviser, the license of the predecessor remains effective as the license of the successor for sixty (60) days after the succession, if an application for licensing is filed by the successor within thirty (30) days after the succession.(c) Licensing of each then licensed sales representative of the broker-dealer or of each then licensed investment adviser representative of the investment adviser filing an application under subsection (a) or (b) continues automatically without a separate filing or fee upon the licensing of the successor.R.I. Gen. Laws § 7-11-210