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2021 Tennessee Code
Title 62 - Professions, Businesses and Trades
Chapter 35 - Private Protective Services Licensing and Regulatory Act
§ 62-35-113. Change in Ownership — Application for License — Operation Under Old License
Universal Citation: TN Code § 62-35-113 (2021)
- If the ownership of a contract security company changes, the new owner, if not already a licensee, may not operate that company more than thirty (30) days after the date of the change of ownership unless, within the thirty-day period, the new owner submits an application for a license. If the application is submitted, the new owner may continue to operate the company until the application has been finally determined by the commissioner.
- For good cause, the commissioner may extend the period for submitting an application pursuant to subsection (a) for a reasonable time.
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