Ownership Change applications are governed by the following Laws & Regulations. Colorado Revised Statutes may be found on the Secretary of State website.
- C.R.S. 12-6-116 (6) - Ownership Change Requirements
- C.R.S. 12-6-518 (5) - Ownership Change Requirements
- C.R.S. 12-6-115 (8) - Fingerprinting Requirement
- C.R.S. 12-6-517 (8) - Finger Printing Requirement
- C.R.S. 12-6-104 (3) (g) - Application Requirements
- Regulation 12-6-104 (3) (g) - Application Requirements
- C.R.S 12-6-504 (2) (b) - Application Requirements
- Regulation 12-6-504 (2) (b) - Application Requirements
DR 2016 – Change of Ownership Application See this form for instructions and documents.
Failure to provide complete “Information to be Reported” in your notification letter may result in a delay in processing, or administrative action.
Any transfer of any percentage amount of the ownership or membership interest of any corporation, limited liability company, or limited liability partnership, holding a license under the provisions of this article shall be reported to the Board within 10 days of such transfer. Reporting requirements on stock transfers apply if the corporation is not subject to the reporting requirements of the Securities and Exchange Act of 1934, as amended. (public corporations)
To be approved by the board to hold an ownership interest in a licensed business entity, the new owner must demonstrate the qualifications necessary for licensing, including a fingerprint-based criminal history record check, in accordance with this part 1.
Verification of Fingerprints (DR 2197) Form & Fingerprint Card. Ensure that 2 fingerprint cards are filled out completely and signed, bearing separately captured fingerprints. The DR2197 - Verification of Fingerprints form must be filled out and signed by the person performing the fingerprinting. Verification of fingerprints must be completed by the Auto Industry Division or any law enforcement agency that takes fingerprints. A fee will be charged by all agencies. Fingerprint are not required for additional or renewal applications.
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