Agencies | Governor
Virginia Regulatory Town Hall

Final Text

highlight

Action:
Amendment to RM and DE requirements
Stage: Final
18VAC50-22-220

18VAC50-22-220. Change of responsible management, designated employee, or qualified individual.

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 90 120 days of the change.

B. Any change of designated employee shall be reported on a form provided by the board within 90 120 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.  More than one individual associated with a single firm may complete the examination requirements necessary for eligibility as the designated employee. 

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.