Rules & Regulations of the State of Tennessee
Title 0320 - Collection Service Board
Chapter 0320-01 - Licensing
Section 0320-01-.04 - CHANGE OF OWNERSHIP
Universal Citation: TN Comp Rules and Regs 0320-01-.04
Current through April 3, 2024
As referenced in T.C.A. §§ 62-20-108 and 62-20-113, "change in ownership" means:
(1) In a sole proprietorship or partnership, any change in the person(s) having an ownership interest in the collection service business;
(2) In a corporation or limited liability company (LLC), an aggregate change of fifty (50) percent or more of the shares, ownership or other member interest, respectively.
Authority: T.C.A. §§ 62-20-104(g), 62-20-108, and 62-20-113.
Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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