§ 5-112. Nontransferability of dealer's license; new place of business

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(a) Nontransferability of dealer's license. -- A dealer's license is not transferable.

(b) Notice to Secretary of new place of business. -- Before moving a place of business, a licensee shall inform the Secretary and surrender the dealer's license.

(c) New dealer's license for new place of business. -- If a cause to revoke the dealer's license does not exist, the Secretary shall issue a new dealer's license without charge covering the new place of business for the rest of the term of the surrendered dealer's license.

HISTORY: An. Code 1957, art. 27, § 443(b)(3); 2003, ch. 5, § 2.

                    
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