                                 CODE OF VIRGINIA

TERMINATION OF BUSINESS (§ 46.2-1545)

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&#8217;s certificate of license, all salespersons&#8217;
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: 1988, c. 865, § 46.1-550.5:3; 1989, c. 727; 1995, cc. 767, 816; 2015,
c. 615.