Collapse to view only § 31.104 - Withdrawal of one or more partners.
- § 31.101 - Registration of partners.
- § 31.102 - Addition of partners or incorporation of partnership.
- § 31.103 - Formation of a partnership by two dealers.
- § 31.104 - Withdrawal of one or more partners.
§ 31.101 - Registration of partners.
Any number of persons carrying on one business in partnership at any one place must register only once for that business.
§ 31.102 - Addition of partners or incorporation of partnership.
Where a number of persons who have filed a registration under this part as partners admit one or more new members to the partnership or form a corporation (a separate legal entity) to take over the business, the new partnership or corporation must register as a new dealer before commencing business.
§ 31.103 - Formation of a partnership by two dealers.
Where two persons form a partnership after each has registered for a business carried on by himself, the partnership must register as a new dealer to cover the business conducted by the partnership.
§ 31.104 - Withdrawal of one or more partners.
When one or more partners withdraw from a partnership that has registered under this part, the remaining partner, or partners, must register the change in control by filing an amended registration form on or before the following July 1.