2016 Code of Virginia
Title 46.2 - Motor Vehicles
Chapter 15 - Motor Vehicle Dealers
§ 46.2-1545. Termination of business
No dealer, unless his license has been suspended, revoked, or canceled, shall cease business without a 30-day prior notification to the Department and the Board. On cessation of the business, the dealer shall immediately surrender to the Board the dealer's certificate of license, all salespersons' licenses, and any other materials furnished by the Board. The dealer shall also immediately surrender to the Department all dealer and temporary license plates, all fees and taxes collected, and any other materials furnished by the Department. After cessation of business, the former licensee shall continue to maintain and make available to the Department and the Board dealer records as set forth in this chapter.
The provisions of this section shall also apply to watercraft trailers and watercraft trailer dealers.
1988, c. 865, ยง 46.1-550.5:3; 1989, c. 727; 1995, cc. 767, 816; 2015, c. 615.
Disclaimer: These codes may not be the most recent version. Virginia 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.
