Section R15-3-307. Cancellation of Distributor’s License

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If a licensee sells or terminates its business, the licensee shall notify the Department in writing within 30 days of the sale or termination, including the date of the sale or termination. The Department shall cancel the license, effective as of the date of the sale or termination of the business.

Historical Note

Adopted effective March 18, 1981 (Supp. 81-2). Former Section R15-3-307 renumbered to R15-3-305, new Section R15-3-307 renumbered from R15-3-309 and amended effective June 20, 1990 (Supp. 90-2). Amended

by final rulemaking at 5 A.A.R. 2168, effective June 15, 1999 (Supp. 99-2). Amended by final rulemaking at 14

A.A.R. 4410, effective January 3, 2009 (Supp. 08-4).

                    
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