Section 388-835-0020 - What is a "change in ownership"?(1) A "change in ownership" is a change in the individual or legal organization responsible for the daily operation of an ICF/ID facility.(2) Types of events causing a change in ownership include but are not limited to: (a) Changing the form of legal organization of the owner, such as a sole proprietorship becomes a partnership or corporation;(b) Transferring the title to the ICF/ID enterprise from the provider to another party;(c) Leasing the ICF/ID facility to another party or an existing lease is terminated;(d) When the provider is a partnership, any event that dissolves the partnership;(e) When the provider is a corporation and the corporation:(ii) Merges with another corporation which is the survivor; or(iii) Consolidates with one or more other corporations to form a new corporation.(3) Ownership does not change when:(a) The provider contracts with another party to manage the facility and act as the provider's agent subject to the provider's general approval of daily operating decisions; or(b) When the provider is a corporation, some or all of its corporate stock is transferred.Wash. Admin. Code § 388-835-0020
Amended by WSR 15-09-069, Filed 4/15/2015, effective 5/16/2015Statutory Authority: RCW 71A.20.140. 01-10-013, § 388-835-0020, filed 4/20/01, effective 5/21/01.