Any transfer of ownership due to sale, merger, dissolution, or any other reason shall reserve the licensed wrecker service trade name for a period of ninety (90) days, during which time the successor owner may apply for a wrecker license using the same trade name or another trade name. However, the successor may not operate as a licensed wrecker service until the application packet has been accepted and approved by the Department. For the purposes of this section, transfer of ownership means a complete replacement of all business owners, and does not include the separation of one joint owner, leaving the remaining owner or owners intact. Licensed wrecker services must notify the Department within three (3) business days of any change in ownership. Successor owners must meet all the requirements of these rules.

Added at 42 Ok Reg, Number 20, effective 7-11-25

Amended at 43 Ok Reg, Number 18, effective 6-11-26