Tennessee § 62-35-113 Change in ownership - Application for license - Operation under old license

Tennessee Statutes

§ 62-35-113 — Change in ownership - Application for license - Operation under old license

Tennessee § 62-35-113

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This text of Tennessee § 62-35-113 (Change in ownership - Application for license - Operation under old license) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tenn. Code Ann. § 62-35-113 (2026).

Text

(a)If the ownership of a contract security company changes, the new owner, if not already a licensee, may not operate that company more than thirty (30) days after the date of the change of ownership unless, within the thirty-day period, the new owner submits an application for a license. If the application is submitted, the new owner may continue to operate the company until the application has been finally determined by the commissioner.

(b)For good cause, the commissioner may extend the period for submitting an application pursuant to subsection (a) for a reasonable time.

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(a) If the ownership of a contract security company changes, the new owner, if not already a licensee, may not operate that company more than thirty (30) days after the date of the change of ownership unless, within the thirty-day period, the new owner submits an application for a license. If the application is submitted, the new owner may continue to operate the company until the application has been finally determined by the commissioner. (b) For good cause, the commissioner may extend the period for submitting an application pursuant to subsection (a) for a reasonable time.