46.2-1992.38 - Termination of business. - Virginia Statutes

§ 46.2-1992.38. Termination of business.

No dealer, unless his license has been suspended, revoked, or canceled, shallcease business without a thirty-day prior notification to the Department. Oncessation of the business, the dealer shall immediately surrender to theDepartment the dealer's certificate of license, all salespersons' licenses,all dealer and temporary license plates, all fees and taxes collected, andany other materials furnished by the Department. After cessation of business,the former licensee shall continue to maintain and make available to theDepartment dealer records as set forth in this chapter.

The provisions of this section shall also apply to watercraft trailers andwatercraft trailer dealers.

(1996, cc. 1043, 1052.)