§ 19A-31. License not transferable; change in management, etc., of business or operation. - North Carolina Statutes

§19A‑31.  License not transferable; change in management, etc., ofbusiness or operation.

A license is not transferable.When there is a transfer of  ownership, management, or operation of a businessof a licensee hereunder, the new owner, manager, or operator, as the case maybe, whether it be an individual, firm, partnership, corporation, or other entity shall have 10 days from such sale or transfer to secure a new licensefrom the Director to operate said business. A licensee shall promptly notify theDirector of any change in the name, address, management, or substantial controlof his business or operation. (1977, 2nd Sess., c. 1217, s.12.)