Iowa Admin. Code r. 701-201.7

Current through Register Vol. 47, No. 11, December 11, 2024

Rule 701-201.7 - Change of ownership or business organization

(1)Change of business entity. A retailer changing its business entity shall apply for a new permit under the name of the new entity. This includes but is not limited to such entity changes as proprietorship to partnership, partnership to corporation, or any combination thereof.

(2)Change of ownership. A business that changes ownership shall cancel its permit and reapply with the new federal employer identification number (FEIN).

This rule is intended to implement Iowa Code section 423.36.

Iowa Admin. Code r. 701-201.7

ARC 8150C, IAB 7/24/24, effective 8/28/24