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a 30 YOUR EXISTING LICENSE { Corporate Officers If any of the officers listed in our records for a corporate license leaves your business, you must report this change to the CSLB within Exempt 90 days by submitting an Application to Change Ofreers of Corporations. The ` alJa status of your license is not affected by adding officers or having any of them leave (unless the person who Ieaves has been serving ass A Ie� qual ify individual--we below). license (B Qualifyir�lg Individual (Responsible - PERIOD) po Managing Officer or]Employee) if an � • 'There RMO or an RME leaves a business(disassociates), the CSLB must be notified" in writing within 90 days of the date of disassociation. You may either use a firm Notice of Disassociation or a letter. Specify the name of the qualifying • The a individual who left, the date of disassociation, the name of the business, and they t contractor's license number. One of the remaining.official personnel listed in • The rr our records for that license, or the qualifying individual who is disassociating, must sign the notification of disassociation. If this com disassociELL If you intend to.continue to conduct business in the classification thequalifying (See sectic individual was responsible for, you must replace him or her within 90 days of the date of disassociation. Failure to do so will result in suspension of your license or:removal of the classification}from your license. To replace an RME or RMO, you must file an Application for Replacing the Qualifying Individual and submit the required application fee.• This application Report cin. also serves as the notice of disassociation. You should act quickly because, than 94 da- within those 90 days, the CSLB must process your application and, if necessary; the new qualifying individual must pass the w and Business and/or BuSint'S: trade examination(s). Report a ch The requirements for a qualifying individual and the criteria for a waiver of the a Notice of examinations are described in Chapter Ile Ir- Right to Petition You may petition the registrar for reconsideration if you {j • corpor. dispute the date of disassociation on which the suspension was based. You may also petition if you can show good cause for your failure to notify the registrar` • If you within 90 days of the date of disassociation. The board must receive your 4, with a petition within 90 days from the date of.the board's notice that the license will- glen° be suspended if the qualifying individual is not replaced. (See Sections 7068.2 and 7076 of the Business and Professions Code.) B u s in a w Report a ct ;:. letter or on Changes in the Bond Exemption Status of a Responsible Y signed by t: Managing Officer of a Corporation If the Responsible Managing Officer's sitars of the voting stock of the �Y corporation falls below 10 percent, he or she will no longer be eligible for exemption'from the bond requirements. You must report the change in exemption status and file a Bond of Qualifying Individual within 90 days of the change.