§ 6.1-451. (Repealed effective October 1, 2010) Licenses; places of business;changes.
A. Each license shall state the address or addresses at which the business isto be conducted and shall state fully the name of the licensee. Each licenseshall be prominently posted in each place of business of the licensee.Licenses shall not be transferable or assignable, by operation of law orotherwise. No licensee shall use any name other than the name set forth onthe license issued by the Commission.
B. No licensee shall open an additional office or relocate any place ofbusiness without prior approval of the Commission. Applications for suchapproval shall be made in writing on a form provided by the Commissioner andshall be accompanied by payment of a $150 nonrefundable application fee. Theapplication shall be approved unless the Commission finds that the applicantdoes not have the required liquid assets or has not conducted business underthis chapter efficiently, fairly, in the public interest, and in accordancewith law. The application shall be deemed approved if notice to the contraryhas not been mailed by the Commission to the applicant within thirty days ofthe date the application is received by the Commission. After approval, theapplicant shall give written notice to the Commissioner within ten days ofthe commencement of business at the additional location or relocated place ofbusiness.
C. Every licensee shall within ten days notify the Commissioner, in writing,of the closing of any business location and of the name, address and positionof each new senior officer, member, partner, or director and provide suchother information with respect to any such change as the Commissioner mayreasonably require.
D. Every license shall remain in force until it has been surrendered, revokedor suspended. The surrender, revocation or suspension of a license shall notaffect any preexisting legal right or obligation of such licensee.
§ 6.1-451. (Repealed effective October 1, 2010) Licenses; places of business;changes.
A. Each license shall state the address or addresses at which the business isto be conducted and shall state fully the name of the licensee. Each licenseshall be prominently posted in each place of business of the licensee.Licenses shall not be transferable or assignable, by operation of law orotherwise. No licensee shall use any name other than the name set forth onthe license issued by the Commission.
B. No licensee shall open an additional office or relocate any place ofbusiness without prior approval of the Commission. Applications for suchapproval shall be made in writing on a form provided by the Commissioner andshall be accompanied by payment of a $150 nonrefundable application fee. Theapplication shall be approved unless the Commission finds that the applicantdoes not have the required liquid assets or has not conducted business underthis chapter efficiently, fairly, in the public interest, and in accordancewith law. The application shall be deemed approved if notice to the contraryhas not been mailed by the Commission to the applicant within thirty days ofthe date the application is received by the Commission. After approval, theapplicant shall give written notice to the Commissioner within ten days ofthe commencement of business at the additional location or relocated place ofbusiness.
C. Every licensee shall within ten days notify the Commissioner, in writing,of the closing of any business location and of the name, address and positionof each new senior officer, member, partner, or director and provide suchother information with respect to any such change as the Commissioner mayreasonably require.
D. Every license shall remain in force until it has been surrendered, revokedor suspended. The surrender, revocation or suspension of a license shall notaffect any preexisting legal right or obligation of such licensee.
§ 6.1-451. (Repealed effective October 1, 2010) Licenses; places of business;changes.
A. Each license shall state the address or addresses at which the business isto be conducted and shall state fully the name of the licensee. Each licenseshall be prominently posted in each place of business of the licensee.Licenses shall not be transferable or assignable, by operation of law orotherwise. No licensee shall use any name other than the name set forth onthe license issued by the Commission.
B. No licensee shall open an additional office or relocate any place ofbusiness without prior approval of the Commission. Applications for suchapproval shall be made in writing on a form provided by the Commissioner andshall be accompanied by payment of a $150 nonrefundable application fee. Theapplication shall be approved unless the Commission finds that the applicantdoes not have the required liquid assets or has not conducted business underthis chapter efficiently, fairly, in the public interest, and in accordancewith law. The application shall be deemed approved if notice to the contraryhas not been mailed by the Commission to the applicant within thirty days ofthe date the application is received by the Commission. After approval, theapplicant shall give written notice to the Commissioner within ten days ofthe commencement of business at the additional location or relocated place ofbusiness.
C. Every licensee shall within ten days notify the Commissioner, in writing,of the closing of any business location and of the name, address and positionof each new senior officer, member, partner, or director and provide suchother information with respect to any such change as the Commissioner mayreasonably require.
D. Every license shall remain in force until it has been surrendered, revokedor suspended. The surrender, revocation or suspension of a license shall notaffect any preexisting legal right or obligation of such licensee.
