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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>83855</law_id><section_number>46.2-1517</section_number><catch_line>Changes in form of ownership, make, name</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><structure><unit label="title" level="1" order_by="1" identifier="46.2">Motor Vehicles</unit><unit label="subtitle" level="2" order_by="1" identifier="IV">Dealers and Driver Training Schools</unit><unit label="chapter" level="3" order_by="1" identifier="15">Motor Vehicle Dealers</unit><unit label="article" level="4" order_by="1" identifier="2">Motor Vehicle Dealer Licenses</unit></structure><text>
						<section><p>Any change in the form of ownership or the addition or deletion of a partner shall require a <span class="dictionary">new</span> application, license, and fee.
		Any addition or deletion of a <span class="dictionary">franchise</span> or change in the name of a <span class="dictionary">dealer</span> shall require immediate notification to the <span class="dictionary">Department</span> and the <span class="dictionary">Board</span>, and the <span class="dictionary">Board</span> shall endorse the change on the license without a fee. The change of an officer or director of a corporation shall be made at the time of license renewal.</p></section></text><history>1988, c. 865, &#xA7; 46.1-525.08; 1989, c. 727; 1995, cc. 767, 816.</history><metadata></metadata></law>
