04 NCAC 03J .0205          NONTRANSFERABILITY OF CERTIFICATE OF REGISTRATION

(a)  A Certificate of Registration shall be neither transferable nor assignable.

(b)  The Certificate of Registration shall become void if the registrant changes organizational structure, such as to or from a sole proprietorship, partnership, limited partnership, general partnership, limited liability company, or corporation. The new entity may apply for a Certificate of Registration pursuant to Rule .0201 of this Section. If the entity that results from the change in the registrant's organization would like to engage in business as a facilitator in this State, it shall apply for a Certificate of Registration pursuant to Rule .0201 of this Section.

History Note:        Authority G.S. 53-253;

Eff. September 1, 1993;

Readopted Eff. August 1, 2018.