Wisconsin Administrative Code
Department of Safety and Professional Services
SPS 1-299 - Professional Services
SPS 30-49 - Private Detectives
Chapter SPS 32 - Private Detective And Agency License Renewal And Reporting Requirements
Section SPS 32.07 - Change of owners or officers

Universal Citation: WI Admin Code ยง SPS 32.07

Current through February 26, 2024

(1) CHANGE OF OWNERS.

(a) If an agency undergoes a change of owner, the former owner shall surrender the agency license to the department within 30 days after receiving written notice from the department of the issuance of a license to the new owner.

(b) The prospective new owner of a licensed agency shall apply for and receive an original agency license before engaging in business.

(2) If there is a change in any of the officers of a corporation or members of a partnership or a limited liability company, the agency shall notify the department of the change before new officers or partners take office. Officers or members of an agency shall comply with s. SPS 31.02(1) (b). This subsection does not apply to a change of registered agent by a foreign corporation holding an agency license, but a copy of any statement required under s. 180.1508, Stats., to be filed with the department of financial institutions shall be filed with the department within 30 days after a change of registered agent.

Disclaimer: These regulations may not be the most recent version. Wisconsin 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.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.