Section 388-78A-2770 - Change in licensee/change of ownership - When change in licensee is requiredThe licensee of a boarding home must change whenever the following events occur, including, but not limited to:
(1) The licensee's form of legal organization is changed (e.g., a sole proprietor forms a partnership or corporation);(2) The licensee transfers ownership of the boarding home business enterprise to another party regardless of whether ownership of some or all of the real property and/or personal property assets of the boarding home is also transferred;(3) The licensee dissolves, or consolidates or merges with another legal organization and the licensee's legal organization does not survive;(4) If, during any continuous twenty-four-month period, fifty percent or more of the "licensed entity" is transferred, whether by a single transaction or multiple transactions, to: (a) A different person (e.g., new or former shareholders or partners); or(b) A person that had less than a five percent ownership interest in the boarding home at the time of the first transaction.(5) Any other event or combination of events that results in a substitution, elimination, or withdrawal of the licensee's control of the boarding home. As used in this section, "control" means the possession, directly or indirectly, of the power to direct the management, operation and/or policies of the licensee or boarding home, whether through ownership, voting control, by agreement, by contract or otherwise.Wash. Admin. Code § 388-78A-2770
Statutory Authority: Chapter 18.20 RCW. WSR 09-06-063, § 388-78A-2770, filed 3/2/09, effective 4/2/09. Statutory Authority: RCW 18.20.090 (2004 c 142 § 19) and chapter 18.20 RCW. WSR 04-16-065, § 388-78A-2770, filed 7/30/04, effective 9/1/04.