What is required for a license assignment to be approved by the department?

For a license assignment to be approved by the Texas Department of Public Safety's Private Security Bureau, obtaining majority ownership consent from registered owners is essential. This requirement ensures that the decision to assign the license is made with the agreement of those who have a stake in the business. It reflects the regulatory intent to maintain accountability and oversight over private security businesses, as changes in ownership can significantly impact operations, management, and service quality.

Involving the majority of registered owners in the consent process promotes transparency and the collaborative management of the business. This requirement helps to prevent potential disputes that could arise if an assignment were to occur without the knowledge or agreement of the majority owners, ensuring that all parties are aligned with the direction of the company.