NAC639.6947. Change in controlling interest.

Latest version.

Upon a change in the controlling interest of a medical products provider, the medical products provider shall:

     1. Apply with the Board for a new license within 5 days after the completion of the transaction which changes the controlling interest;

     2. Ensure that all servicing, maintenance or repair obligations outstanding at the time of the purchase are addressed without interruption or disruption to the service being received by the consumer; and

     3. Not operate the business, except to service, maintain, repair or otherwise satisfy the outstanding obligations of the predecessor business, until the new owner is licensed by the Board.

(Added to NAC by Bd. of Pharmacy by R008-01, eff. 11-1-2001)

                    
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