2006 Louisiana Laws - RS 26:912 — Registration certificate; permit

§912.  Registration certificate; permit

A.  A registration certificate or permit issued under this Chapter is a personal privilege and cannot be transferred. If over fifty-one percent of a corporation is sold or transferred during the period for which a registration certificate or a permit was issued, a new registration certificate or permit must be applied for, and the new owner must comply with the provisions set forth in this Chapter.  If the holder of the registration certificate or permit is an association, partnership, or limited partnership, a change of the controlling interest shall constitute a change of ownership under this Chapter.  If the business is physically relocated during such period, the registration certificate holder or permittee must notify the commissioner in writing so that proper change may be noted thereon.

B.  The registration certificate or permit shall at all times be publicly displayed by the dealer in his principal place of business so as to be easily seen by the public unless the dealer is solely a vending machine operator.  The failure of a dealer or vending machine operator to publicly display his registration certificates or permits, as required by this Chapter, shall be grounds for the issuance of a fine or the withholding, suspension, or revocation of the permit.

C.  Each registration certificate or permit shall include a unique number assigned by the commissioner.

D.  Nothing herein shall prohibit an individual, partnership, or corporation otherwise qualified from obtaining multiple registration certificates or more than one type of permit.

Acts 1997, No. 1370, §2, eff. Oct. 1, 1997.