Iowa Admin. Code r. 701-261.7 - [Effective 4/23/2025] Dealer's and user's license nonassignable
(1)
Generally. An L.P.G.,
L.N.G., C.N.G., or hydrogen dealer's license or user's license cannot be
assigned.
(2)
Situations
considered assignments. The following is a nonexclusive list of
situations that will be considered an assignment and therefore require an
application for a new license:
a. A change in
the name under which the licensee conducts business.
b. A change in the location where the
business is conducted.
c. A sale of
the business, even if the new owner(s) operates under the same business
name.
d. A merger or other business
combination that results in a new or different entity.
This rule is intended to implement Iowa Code section 452A.4.
Notes
ARC 1805C, IAB 1/7/15, effective 2/11/15; ARC 6508C, IAB 9/7/22, effective 10/12/22
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