Section 494. License form; posting; limitations  


Latest version.
  • 1. Each license issued
      under this article  shall  state  the  address  at  which  the  licensed
      business  is  to  be  conducted  and  shall  state fully the name of the
      licensee and, if the licensee is a  copartnership  or  association,  the
      names  of  the members thereof, and if a corporation, the date and place
      of its incorporation and the address of its principal place of business.
      Such license shall  be  kept  conspicuously  posted  in  the  licensee's
      specified place of business and shall not be transferable or assignable.
        2.  Whenever  any  licensee hereunder changes its place of business to
      another location, it shall give immediate written notice thereof to  the
      superintendent,  who  shall  without  charge  attach  to  the license or
      endorse on it in writing a record of the change and  the  date  thereof,
      which  shall  be  authority for the operation of the business under such
      license at such new location.
        3. No person, except a licensee, may make any representation, directly
      or indirectly, orally or in writing, that  he  is  licensed  under  this
      article,  and  a  licensee  may  make  such  a  representation  only  in
      connection with the licensee's business as a sales finance  company  and
      in accordance with any rules and regulations of the superintendent.