Virginia § 46.2-1517 Changes in form of ownership, make, name

Virginia Statutes

§ 46.2-1517 — Changes in form of ownership, make, name

Virginia § 46.2-1517

JurisdictionVirginia

Title 46.2MOTOR VEHICLES

Subtitle IVDEALERS AND DRIVER TRAINING SCHOOLS

Ch. 15MOTOR VEHICLE DEALERS

Art. 2MOTOR VEHICLE DEALER LICENSES

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Bluebook

Va. Code Ann. § 46.2-1517 (2026).

Text

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.

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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.