OAR 735-170-0115: Change in Ownership or Cancellation of License

(1) A licensed dealer must notify the Department in writing of a change in ownership or cancellation of a license as described in ORS 319.125 before the next report is due. Performing the acts of a dealer without being properly licensed may subject the unlicensed dealer to penalties as described in ORS 319.090. (2) An agent may sign on an individual’s behalf when a valid power of attorney or guardianship is in effect.