§ 6.2-2207. (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 legal name of the licensee as wellas any fictitious name by which the licensee is operating in theCommonwealth. Each license shall be posted prominently in each place ofbusiness of the licensee. Licenses shall not be transferable or assignable,by operation of law or otherwise. No licensee shall use any name in theCommonwealth other than the legal name or fictitious name set forth on thelicense 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 30 days of thedate the application is received by the Commission. After approval, theapplicant shall give written notice to the Commissioner within 10 days of thecommencement of business at the additional location or relocated place ofbusiness.
C. Every licensee shall within 10 days notify the Commissioner, in writing,of the closing of any business location and of the name, address, andposition of each new senior officer, member, partner, or director and providesuch other information with respect to any such change as the Commissionermay reasonably require.
D. Every license shall remain in force until it has been surrendered,revoked, or suspended. The surrender, revocation, or suspension of a licenseshall not affect any preexisting legal right or obligation of such licensee.
§ 6.2-2207. (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 legal name of the licensee as wellas any fictitious name by which the licensee is operating in theCommonwealth. Each license shall be posted prominently in each place ofbusiness of the licensee. Licenses shall not be transferable or assignable,by operation of law or otherwise. No licensee shall use any name in theCommonwealth other than the legal name or fictitious name set forth on thelicense 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 30 days of thedate the application is received by the Commission. After approval, theapplicant shall give written notice to the Commissioner within 10 days of thecommencement of business at the additional location or relocated place ofbusiness.
C. Every licensee shall within 10 days notify the Commissioner, in writing,of the closing of any business location and of the name, address, andposition of each new senior officer, member, partner, or director and providesuch other information with respect to any such change as the Commissionermay reasonably require.
D. Every license shall remain in force until it has been surrendered,revoked, or suspended. The surrender, revocation, or suspension of a licenseshall not affect any preexisting legal right or obligation of such licensee.
§ 6.2-2207. (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 legal name of the licensee as wellas any fictitious name by which the licensee is operating in theCommonwealth. Each license shall be posted prominently in each place ofbusiness of the licensee. Licenses shall not be transferable or assignable,by operation of law or otherwise. No licensee shall use any name in theCommonwealth other than the legal name or fictitious name set forth on thelicense 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 30 days of thedate the application is received by the Commission. After approval, theapplicant shall give written notice to the Commissioner within 10 days of thecommencement of business at the additional location or relocated place ofbusiness.
C. Every licensee shall within 10 days notify the Commissioner, in writing,of the closing of any business location and of the name, address, andposition of each new senior officer, member, partner, or director and providesuch other information with respect to any such change as the Commissionermay reasonably require.
D. Every license shall remain in force until it has been surrendered,revoked, or suspended. The surrender, revocation, or suspension of a licenseshall not affect any preexisting legal right or obligation of such licensee.
