Ill. Admin. Code tit. 68, § 690.140 - Transfer of Ownership
a) Each
nurse agency whose ownership is to be transferred shall report in writing to
the Department the name of the transferee and the anticipated date of the
transfer.
b) The anticipated
transferee shall apply for a license at least 45 calendar days before the
anticipated date of the transfer.
c) The Department may issue a license to a
transferee to become effective on the date of the transfer, and the
transferor's license will become void on the date the transferee's license
becomes effective. The transferor shall notify the Department in writing the
day the transfer is effected.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
a) Each licensee whose ownership is to be tranferred shall report in writing to the Department the name of the transferee and the anticipated date of the transfer.
b) The anticipated transferee shall apply for a license at least 45 days before the anticipated transfer.
c) The Department may issue a license to a transferee to become effective on the date of the transfer, and the transferor's license will become void on the date the transferee's license becomes effective. The transferor shall notify the Department in writing the day the transfer is effected.