IC 25-30-1-8.5: Change in ownership; termination of license

Sec. 8.5. If a change in the ownership of a private investigator firm results in the failure to meet the qualifications set forth in section 8 of this chapter:

(1) the license of the private investigator firm terminates on the date the change in ownership is effective; and

(2) the private investigator firm must file a new application for a license as a private investigator firm with the board.