Current through Reg. 49, No. 45; November 8, 2024
Section 510.24 - Change of Ownership(a) Change of ownership defined. A change of ownership occurs when there is a change in the person legally responsible for the operation of the facility, whether by lease or by ownership. (1) If a corporate licensee amends its articles of incorporation to revise its name and the tax identification number does not change, this subsection does not apply, except that the corporation must notify the department within 10 calendar days after the effective date of the name change.(2) The sale of stock of a corporate licensee does not cause this subsection to apply.(b) License application required. The new owner shall submit an application for an initial license to the department prior to the date of the change of ownership or not later than 10 calendar days following the date of a change of ownership. The application shall be in accordance with § 510.22 of Title 40 (relating to the Application and Issuance of Initial License). In addition to the documents required in § 510.22 of Title 40, the applicant shall include the effective date of the change of ownership.(c) Surveys. The on-site construction and health surveys required by § 510.22 of Title 40 may be waived by the department.(d) Issuance of license. When the new owner has complied with the provisions of § 510.22 of Title 40, the department shall issue a license which shall be effective the date of the change of ownership.(e) Expiration of license. The expiration date of the license shall be in accordance with § 510.22(d)(2) of Title 40.(f) License void. The previous owner's license shall be void on the effective date of the new owner's license.26 Tex. Admin. Code § 510.24
The provisions of this §510.24 adopted to be effective January 1, 2004, 28 TexReg 5154; Chapter Transferred from Title 25, Part 1, Chapter 134 by Texas Register, Volume 44, Number 20, May 17, 2019, TexReg 2469, eff. 6/1/2019