Section 220. Change of responsible management, designated employee, or qualified individual  


Latest version.
  • A. Any change in the officers of a corporation, managers of a limited liability company, or officers or directors of an association shall be reported to the board in writing within 90 days of the change.

    B. Any change of designated employee shall be reported on a form provided by the board within 90 days of the change. The new designated employee for a Class B licensee shall meet the requirements of 18VAC50-22-50 B. The new designated employee for a Class A licensee shall meet the requirements of 18VAC50-22-60 B.

    C. Any change of qualified individual shall be reported on a form provided by the board within 45 days of the change. The new qualified individual for a Class C licensee shall meet the requirements of 18VAC50-22-40 B. The new qualified individual for a Class B licensee shall meet the requirements of 18VAC50-22-50 C. The new qualified individual for a Class A licensee shall meet the requirements of 18VAC50-22-60 C.

Historical Notes

Derived from VR220-01-2:1 § 5.3, eff. March 31, 1995; amended, Volume 17, Issue 21, eff. September 1, 2001.

Statutory Authority

§§ 54.1-201 and 54.1-1102 of the Code of Virginia.