WVC 11 - 14 C- 16
§11-14C-16. Notice of discontinuance, sale or transfer of
(a) A licensee who discontinues the business for which was
issued a license authorized by this article shall notify the
commissioner in writing within fifteen days of discontinuance and
shall surrender the license to the commissioner. The notice shall
state the effective date of the discontinuance and, if the licensee
has transferred the business or otherwise relinquished control to
another person by sale or otherwise, the date of the sale or
transfer and the name and address of the person to whom the
business is transferred or relinquished. The notice shall also
include any other information required by the commissioner.
(b) All taxes for which the licensee is liable under this
article but are not yet due are due on the date of the
discontinuance. If the licensee has transferred the business to
another person and does not give the notice required by this
section, the person to whom the business was transferred is jointly
and severally liable for the amount of any tax owed by the licensee
to this state on the date the business was transferred. The
liability of the person to whom the business was transferred shall
not exceed the value of the property acquired from the licensee.
Note: WV Code updated with legislation passed through the 2013 1st Special Session
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