Sec. 10. If a change in the ownership of a security guard agency results in the failure to meet the qualifications set forth in section 9 of this chapter:
(1) the license for the security guard agency terminates on the date the change in ownership is effective; and
(2) the security guard agency must file a new application for a license as a security guard agency with the board.
As added by P.L.185-2007, SEC.27.
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