77 Ill. Adm. Code 2060.255
Change of Ownership/Days and Hours of Operation
Section 2060.255
Change of Ownership/Days and Hours of Operation
a) Each
license issued by DHS/SUPR is valid only for the premises and name of the
organization on the application and is not transferrable. A license shall be
become null and void when:
1) There
is a change in ownership involving more than 25% of the aggregate ownership
interest within a one-year period; or
2) There
is a change of 50% or more in the board of directors of a not-for-profit
organization within a one-year period.
b) To
ensure that there is no cessation of services, organizations shall submit
written notification to DHS/SUPR as soon as possible but at least 10 calendar
days prior to any of the changes in ownership described in subsection (a).
c) The
change in ownership referenced in this Section requires submission of a new
license application.
d) The
organization shall notify the DHS/SUPR Helpline Portal via telephone or online whenever
there is a permanent change in the days or hours of operation to ensure correct
and current referral information.