Section 308-65-170. Sale, transfer or other disposition of noncorporate licensee.
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What if there is a partial change in ownership of the company? Upon the sale, transfer or other disposition of fifty percent or more of the ownership interest in a noncorporate licensee:
(1) A new application for an appropriate license by the purchaser or transferee is required and the fee will be the same as for an original application.
(2) The former owner must surrender to the department all special license plates. The new owner or transferee must purchase new plates in its own name.