(1) A funeral establishment must immediately report to the Board:
- (a) Any transfer of a 10% or greater ownership interest;
- (b) Any series of transfers within a one-year period that accrue a 10% or greater ownership interest; or
- (c) Any transfer that results in an individual or entity controlling or losing control of a 50% or greater total ownership interest.
- (2) All changes of ownership are to be reported on a form prescribed by the Board.
- (3) An establishment that fails to submit a change of ownership form to the Board within 15 calendar days of any of the preceding may be subject to disciplinary action.
Author: Charles M. Perine
Statutory Authority: Code of Ala. 1975, §§34-13-26, 34-13-111.
History: New Rule: Published October 31, 2024; effective December 15, 2024.