La. Admin. Code tit. 13 § I-535
Current through Register Vol. 50, No. 11, November 20, 2024
Section I-535 - Sale or Transfer of Exempted Manufacturing EstablishmentA. In the event an applicant should sell or otherwise dispose of property covered by a contract of exemption, the purchaser of the said plant or property may, within three months of the date of such act of sale, apply to the board for a transfer of the contract. A fee of $250 shall be filed with a request to transfer the contract. The board shall consider all such applications for transfer of contracts of exemption strictly on the merits of the application for such transfer. No such transfer shall in any way impair or amend any of the provisions of the contract so transferred other than to change the name of the contracting applicant. Failure to request or apply for a transfer within the stipulated time period shall constitute a violation of the contract.La. Admin. Code tit. 13, § I-535
Promulgated by the Department of Economic Development, Office of Commerce and Industry, LR 20:868 (August 1994), amended by the Department of Economic Development, Office of Business Development, LR 37:2380 (August 2011), Amended by the Department of Economic Development, Office of Business Development, LR 37:2380 (August 2011), LR 412319 (11/1/2015), Amended by the Department of Economic Development, Office of Business Development, LR 431137 (6/1/2017), Amended LR 441423 (8/1/2018).AUTHORITY NOTE: Promulgated in accordance with Article VII, Part 2, Section 21(F) of the Louisiana Constitution of 1974.