WAC 388-835-0020

WAC 388-835-0020. What is a "change in ownership"?

Last amended: 2015Year: 2026Length: 185 wordsOfficial source
(1) A "change in ownership" is a change in the individual or legal organization responsible for the daily operation of an ICF/ID facility. (2) Types of events causing a change in ownership include but are not limited to: (a) Changing the form of legal organization of the owner, such as a sole proprietorship becomes a partnership or corporation; (b) Transferring the title to the ICF/ID enterprise from the provider to another party; (c) Leasing the ICF/ID facility to another party or an existing lease is terminated; (d) When the provider is a partnership, any event that dissolves the partnership; (e) When the provider is a corporation and the corporation: (i) Is dissolved; (ii) Merges with another corporation which is the survivor; or (iii) Consolidates with one or more other corporations to form a new corporation. (3) Ownership does not change when: (a) The provider contracts with another party to manage the facility and act as the provider's agent subject to the provider's general approval of daily operating decisions; or (b) When the provider is a corporation, some or all of its corporate stock is transferred.
WAC 388-835-0020: WAC 388-835-0020. What is a "change in ownership"? | Justis AI