Va. Code Ann. § 46.2-1517

Changes in form of ownership, make, name

Applied in 1 court decision — leading case Smith v. Casey Chevrolet Corp. (2005)

Most recently applied in Smith v. Casey Chevrolet Corp. (July 2005)

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

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.

Official source: Virginia Law Portal (LIS). Reproduced from public-domain Virginia statutes; confirm against the official source for the current text. Not legal advice.