Relinquishment on loss of principal place of business. (1) (a) The following licensees must maintain a principal place of business: (i) dealers; (ii) special equipment dealers; (iii) manufacturers; (iv) transporters; (v) remanufacturers; (vi) dismantlers; (vii) crushers; (viii) body shops; and (ix) distributors who: (A) are located within the state; or (B) have a branch office within the state. (b) The administrator may not issue a license under Subsection (1)(a) to an applicant who does not have a principal place of business. (c) If a licensee changes the location of the licensee's principal place of business, the licensee shall immediately notify the administrator and the administrator shall issue a new license for the unexpired portion of the term of the original license at no additional fee. (d) In addition to the other requirements of this section, if a direct-sale manufacturer licensee changes the location of an authorized service center of the licensee, the licensee shall immediately notify the administrator and the administrator shall issue a new license for the unexpired portion of the term of the original license at no additional fee. (2) (a) If a licensee loses possession of a principal place of business, the license is automatically suspended and he shall immediately notify the administrator and upon demand by the administrator deliver the license, pocket cards, special plates, and temporary permits to the administrator. (b) The administrator shall hold the licenses, cards, plates, and permits until the licensee obtains: (i) a principal place of business; and (ii) if the licensee is a direct-sale manufacturer, an authorized service center.
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