Iowa Admin. Code r. 701—261.7(452A) — Dealer’s and user’s license nonassignable

261.7(1) Generally. An L.P.G., L.N.G., C.N.G., or hydrogen dealer’s license or user’s license cannot be assigned. 261.7(2) Situations considered assignments. The following is a nonexclusive list of situations that will be considered an assignment and therefore require an application for a new license: a. A change in the name under which the licensee conducts business. b. A change in the location where the business is conducted. c. A sale of the business, even if the new owner(s) operates under the same business name. d. A merger or other business combination that results in a new or different entity. Revenue