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Get the free Dealer Change of Ownership/Dealer Principal License ... - Oklahoma - ok

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Rev (10-2013) OKLAHOMA MOTOR VEHICLE COMMISSION APPLICATION PACKET FOR CHANGE IN MAJORITY OWNERSHIP OR DEALER PRINCIPAL OF A NEW AUTOMOBILE, TRUCK OR BUS DEALERSHIP ONLY THIS PACKET IS FOR: A currently
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How to fill out dealer change of ownership form:

01
Obtain the dealer change of ownership form from your local DMV or download it from their website.
02
Start by filling out the top section of the form which usually requires your personal information such as your name, address, phone number, and dealer license number.
03
Provide the details of the previous owner, including their name, address, and any other requested information.
04
Fill in the information about the new owner, including their name, address, contact details, and any other required information.
05
Indicate the date of the ownership change and provide any necessary documentation, such as the bill of sale or title transfer documents.
06
Review the form carefully before submitting it to ensure accuracy and completeness.
07
Sign and date the form and make any required certifications as specified on the form.
08
Submit the completed dealer change of ownership form to your local DMV or follow their instructions for submission.

Who needs a dealer change of ownership form:

01
Car dealers or auto dealerships who are buying or selling a dealership or transferring ownership between multiple parties.
02
Dealerships that are undergoing changes in ownership structure, such as when partners are added or removed from the business.
03
Any authorized dealer entity that is transferring ownership to another party, whether it's an individual or another business entity.
04
Dealerships operating under a franchise agreement that requires reporting changes in ownership to the franchisor or manufacturer.
05
Any party involved in a dealership change of ownership transaction, such as lenders, investors, or legal representatives, may also require the completion of the form for their records or verification purposes.
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Dealer change of ownership is the process by which ownership of a dealership is transferred from one party to another.
The current owner of the dealership is required to file dealer change of ownership.
Dealer change of ownership form must be filled out with details of the current owner, new owner, and the dealership itself.
The purpose of dealer change of ownership is to officially transfer ownership of the dealership to a new party.
Information such as names and contact details of current and new owners, dealership name and address, and any relevant signatures must be reported on dealer change of ownership form.
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