Ill. Admin. Code tit. 77, § 385.1030 - Ownership Change or Discontinuation
a) The license is not transferable. It is
issued to a specific licensee and for a specific location(s). A licensee may
have one license to service more than one geographic location. The license
shall immediately become void and shall be returned to the Department when the
facility is sold or leased; when operation is discontinued; when operation is
moved to a new location; or when the corporation which is the licensee
dissolves or terminates.
b) A
license issued to a corporation shall become null, void and of no further
effect upon the dissolution of the corporation. The license shall not be
revised if the corporation is subsequently reinstated. A new license must be
obtained in such cases.
Notes
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