La. Admin. Code tit. 48 § XXV-319

Current through Register Vol. 50, No. 9, September 20, 2024

Section XXV-319 - Revocation

A. If at any time, the attorney general receives information indicating that the acquiring person is not fulfilling the commitment to the affected community as provided for in R.S. 40:2115.18, the attorney general shall hold a hearing upon 10 days notice to the affected parties.

1. If after the hearing the attorney general determines that the information is true, it may petition the Louisiana Department of Health and Hospitals to revoke the license issued to the purchaser.

2. Any action for license revocation shall be conducted in accordance with the provisions of R.S. 40:2109 et seq., and the regulations promulgated thereunder.

B. Notwithstanding any other provision of this part any amendment or alteration to an approved cooperative, merger, or consolidation agreement and any material change in the operations or conduct of any party to a cooperative, merger, joint venture, or consolidation shall be considered a new agreement and shall not take effect or occur until the attorney general has approved the amendment, alteration, or change.

La. Admin. Code tit. 48, § XXV-319

Promulgated by the Department of Justice, Office of the Attorney General, LR 24:1131 (June 1998).

AUTHORITY NOTE: Promulgated in accordance with R.S. 40:2115.11 et seq.