Ill. Admin. Code tit. 68, § 1253.50 – Change of Ownership | Midpage
§ 1253.50
Ill. Admin. Code tit. 68, § 1253.50
Change of Ownership
AUTHORITY: Implementing the Home Medical Equipment and Services Provider Act [225 ILCS 51] and authorized by Section 60(7) of the Civil Administrative Code of Illinois [20 ILCS 2105/60(7)].DEPARTMENT OF PROFESSIONAL REGULATION
a) When the business changes ownership, a new application shall be filed with the Department in accordance with Section 1253.20.
b) Change of ownership is defined as, but not limited to:
1) whenever the controlling entity of the licensee changes; or
2) change in the legal form under which the controlling entity is organized.