La. Admin. Code tit. 28 § CLXI-903

Current through Register Vol. 50, No. 11, November 20, 2024

Section CLXI-903 - Change of Ownership

A. When a center changes ownership, the current license is not transferable.

B. Prior to the ownership change, the new owner shall submit a new application and have verification of substantial compliance with the applicable licensing regulations in order to fee for licensure and obtain a new license.

C. Any of the following may constitute a change of ownership:

1. change in federal tax ID number;

2. change in state tax ID number;

3. change in profit status;

4. any transfer of partial or full ownership of the center from an individual or juridical entity to any other individual or juridical entity;

5. termination of child care services by one owner and beginning of services by a different owner without a break in services to children.

La. Admin. Code tit. 28, § CLXI-903

Promulgated by the Board of Elementary and Secondary Education, LR 41625 (April 2015). effective 7/1/2015, Amended by LR 412105 (10/1/2015), Amended LR 471275 (9/1/2021), Amended LR 50967 (7/1/2024).

AUTHORITY NOTE: Promulgated in accordance with R.S. 17:407.39 and R.S. 17:407.40.