- a) When the address or name of a facility is changed, the licensee shall be required to apply for a new license and pay a $100 fee. If the facility is relocated, the facility shall pass an inspection, meeting all requirements of the Act and this Part.
b) A new third-party logistics provider application must be filed whenever:
- 1) The address or name of a facility is changed;
- 2) 50% or more of the ownership of the business, other than a publicly traded business, to which the third-party logistics provider license was issued is sold or otherwise transferred to a person or entity that does not hold any interest in the business issued the wholesale drug distributor license prior to the sale or transfer; or
- 3) A change occurs in more than half the board of directors or executive officers of a business issued a third-party logistics provider license.
- c) Any change of ownership or change in location requires an inspection.
- d) Conversion of a business entity to a different type of business entity is considered a change of ownership.
- e) Any change of ownership of a parent company that owns a third-party logistics provider shall not be considered a change of ownership of the third-party logistics provider.
- f) Any change in information required by the Department shall be submitted to the Department 60 days prior to that change, except for changes in information of nonresident licensees. A nonresident licensee shall submit any change in information required by the Department within 30 days after a change of the resident state license.
(Source: Added at 44 Ill. Reg. 3363, effective March 6, 2020)