Tenn. Comp. R. & Regs. 0680-01-.25 - CONTRACTING IN CORRECT NAME; CHANGE OF NAME

(1) Upon receiving a certificate of licensure from this Board, the licensee has an affirmative responsibility to enter into contracts and operate its related contracting business under the name in which it is licensed in order to notify and prevent confusion on the part of the public at large of an entity's licensure status. Contracting in a name different than that in which an individual or entity is licensed by this Board is considered a violation of this chapter, and will be cause for appropriate disciplinary action.

(2) In the event of a name change of a licensee, the licensee must complete an application request for a name change and be approved prior to contracting in the new name. The licensee shall have ninety (90) days from the date that the new entity is formed to apply for a license in the new entity name. The licensee cannot bid on or enter into contracts in the new name until it has been issued a revised license; however, the entity may continue to work on already existing contracts that were entered into prior to the name change, provided the application is made within the ninety (90) day period.

Notes

Tenn. Comp. R. & Regs. 0680-01-.25

Original rule filed July 25, 2011; effective October 23, 2011.

Authority: T.C.A. §§ 62-6-103, 62-6-108 and 62-6-115.