La. Admin. Code tit. 48 § XXV-505

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

Section XXV-505 - Notice

A. Health care facilities that are parties to a transaction shall give the attorney general at least 30 days written notice prior to the anticipated closing of the intended transaction. Depending on the parties or the transaction, the Attorney General, at his sole discretion, may allow a shorter notice period.

B. The written notice shall include all of the following information:

1. the names, addresses and telephone numbers of the parties to the intended transaction;

2. the names, addresses and telephone numbers of the attorneys or other persons who represent the parties in connection with the intended transaction;

3. a general description of the intended transaction and a description of the scope of the cooperation, merger, joint venture, or consolidation contemplated by the agreement;

4 a general description of the assets involved in the intended transaction and the intended use of the assets after the closing of the intended transaction, including any change in the ownership of tangible or intangible assets;

5. a general summary of all collateral transactions that relate to the intended transaction, including the names, addresses and telephone numbers of the parties involved in the collateral transactions; and

6. the anticipated completion date of the intended transaction.

C. Giving notice shall comply with the following format.

1. The notice shall be in writing on numbered pages and printed on paper measuring 8 1/2 inches by 11 inches. The margins shall not be less than 1 inch on all sides. Unless otherwise required, the notice shall be printed on white paper.

2. Notice shall be sent to the director by certified mail. The director shall receive notice at least 30 days prior to the proposed transaction.

3. Notice shall not be given by facsimile machine.

4. Any notice that does not comply with these rules shall not be accepted and will be returned.

La. Admin. Code tit. 48, § XXV-505

Promulgated by the Department of Justice, Office of the Attorney General, LR 36:1256 (June 2010).

AUTHORITY NOTE: Promulgated in accordance with R.S. 40:2254.1 et seq.