(a) If the ownership of an investigations company changes, the new owner, if not already a licensee, may not operate that company more than thirty (30) days after the date of the change of ownership unless, within the thirty-day period, the new owner submits an application for a license. If the application is submitted, the new owner may continue to operate the company until the application has been finally determined by the commissioner.

Terms Used In Tennessee Code 62-26-214

  • Commissioner: means the commissioner of commerce and insurance or the commissioner's designee. See Tennessee Code 62-26-202
  • Investigations company: means any person who engages in the business or accepts employment to obtain or furnish information with reference to:
    (A) Crime or wrongs done or threatened against the United States or any state or territory of the United States. See Tennessee Code 62-26-202
  • Licensee: means any investigations company and private investigator licensed in accordance with this part. See Tennessee Code 62-26-202
(b) For good cause, the commissioner may extend the period for submitting an application pursuant to subsection (a) for a reasonable time.
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