Tenn. Comp. R. & Regs. 0320-01-.04 - CHANGE OF OWNERSHIP
As referenced in T.C.A. §§ 62-20-108 and 62-20-113, "change in ownership" means:
(1) In a sole proprietorship or
partnership, any change in the person(s) having an ownership interest in the
collection service business;
(2) In
a corporation or limited liability company (LLC), an aggregate change of fifty
(50) percent or more of the shares, ownership or other member interest,
respectively.
Notes
Authority: T.C.A. §§ 62-20-104(g), 62-20-108, and 62-20-113.
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