U.S. Code of Federal Regulations

Regulations most recently checked for updates: Aug 28, 2025

§ 31.121 - Sale of business.

Under this part, registration is personal to the one who registered and is not transferable from one dealer to another. Where a change occurs in the proprietorship of a business for which registration has been completed, the successor must register as a new business.

(26 U.S.C. 5124)