A transfer of ownership occurs upon.
- A. The sale of the pharmacy to another individual or individuals by the present owner.
- B. The addition or deletion of one or more partners in a partnership.
- C. The death of a singular or sole owner.
- D. The change of ownership of thirty percent or more of the voting stock of a corporation since the issuance of the license or last renewal application. A new license application will be required to be filed in each of the above circumstances. As stated in the Pharmacy Act, Subsection I of Section 61-11-14 NMSA 1978, licenses are not transferable, and shall expire on December 31 of each year unless renewed.
[16.19.6.20 NMAC - Rp, 16 NMAC 19.6.20, 3/30/2002]