Section 110-RICR-20-00-2.12 - Transfer of License ProhibitedA. No license may be assigned or transferred.B. If a licensee shall die or otherwise cease to engage in the private security guard business, the successor, heir, devisee or personal representative of such licensee shall, within thirty (30) days, comply with all requirements of these rules and regulations regarding application for a license.C. If a sale, assignment, transfer, merger or consolidation of a licensee's business is consummated, the purchaser, assignee, transferee, surviving or new corporation, which is not already a licensee, shall immediately comply with all requirements of these rules and regulations regarding application for a license.D. The purchaser, assignee, transferee, surviving or new corporation may continue the operation of the business, subject to all applicable regulations, until notified by the Attorney General of its final decision on the new application for a license.110 R.I. Code R. 110-RICR-20-00-2.12