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.
As added by P.L.185-2007, SEC.16.
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