Any change in the form of ownership or the addition or deletion of a partner shall require a new application, license, and fee.Any addition or deletion of a franchise or change in the name of a dealer shall require immediate notification to the Department and the Board, and the Board shall endorse the change on the license without a fee. The change of an officer or director of a corporation shall be made at the time of license renewal.

History

1988, c. 865, § 46.1-525.08; 1989, c. 727; 1995, cc. 767, 816.