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47-18-311 - Certificate of registration Transferability Change of ownership.

47-18-311. Certificate of registration Transferability Change of ownership.

(a)  No certificate of registration shall be transferable to another person.

(b)  Upon a change in the information contained in the original application for a certificate of registration or in the most current application for renewal thereof, which reflects a change of ownership of more than forty-nine percent (49%) of a health club or any of its locations, a new certificate of registration shall be applied for and obtained prior to commencing or continuing business.

[Acts 1989, ch. 460, § 4.]  

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