Mississippi Administrative Code
Title 30 - Professions and Occupations
Part 1301 - Administrative Regulations for Mississippi Motor Vehicle Commission
Chapter 5 - Changes in Dealership
Rule 30-1301-5.2 - Corporate Ownership Change
Universal Citation: MS Code of Rules 30-1301-5.2
Current through September 24, 2024
Any change in stock ownership in a corporate licensee of the Commission shall be reported to the Commission, in writing, within five (5) days of the manufacturer's approval of the change. If the change is stock ownership involves a person or entity that was not among the principals in the initial application, or in any application on file with the Commission, the Commission may require information regarding the financial standing and business integrity of the new stock owner.
Miss. Code Ann. § 63-17-69 (Rev.1983).
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