Under the Uniform Securities Act successor-registration provision, which statement is TRUE after a registered investment adviser changes its form of organization?

1. AThe successor is automatically registered for 45 days without filing
2. BThe successor may file an application to continue the predecessor's registration for the unexpired period without an additional fee✓ Correct answer
3. CThe successor must always wait 30 days before conducting business
4. DThe predecessor's registration transfers permanently without any filing

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