Iowa Admin. Code r. 701-261.9

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

Rule 701-261.9 - Dealer's and user's license nonassignable

An L.P.G., L.N.G., or C.N.G. dealer's license or user's license cannot be assigned. The following nonexclusive situations will be considered an assignment:

1. A change in the name under which the licensee conducts business.

2. A change in the location where the business is conducted.

3. A sale of the business (even if the new owner(s) operates under the same business name).

4. A merger or other business combination which results in a new or different entity.

This rule is intended to implement Iowa Code section 452A.8.

Iowa Admin. Code r. 701-261.9

ARC 1805C, IAB 1/7/15, effective 2/11/15; ARC 6508C, IAB 9/7/22, effective 10/12/22