§ 46.2-1545 Termination of business
No dealer, unless his license has been suspended, revoked, or canceled, shall cease business without a 30-day prior notification to the Department and the Board. On cessation of the business, the dealer shall immediately surrender to the Board the dealer’s certificate of license, all salespersons’ licenses, and any other materials furnished by the Board. The dealer shall also immediately surrender to the Department all dealer and temporary license plates, all fees and taxes collected, and any other materials furnished by the Department. After cessation of business, the former licensee shall continue to maintain and make available to the Department and the Board dealer records as set forth in this chapter.
The provisions of this section shall also apply to watercraft trailers and watercraft trailer dealers.
History
This law was first created in 1988. The record of its establishment is cataloged in chapter 865 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1988 “Acts” aren’t available online. It has been modified 3 times. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. Those modifications are as follows: in 1989, chapter 727; in 1995, chapters 767 and 816; in 2015, chapter 615.
1988, c. 865, § 46.1-550.5:3; 1989, c. 727; 1995, cc. 767, 816; 2015, c. 615.