N.M. Admin. Code § 7.20.12.15 - NON-TRANSFERABLE RESTRICTIONS ON A LICENSE
A license is nontransferable otherwise to other persons or locations.
A. The license is null and void and is returned to the LCA when any one of the following situations occur:
(1) ownership of the facility changes;
(2) the facility changes location;
(3) the licensee of the facility changes;
(4) the facility discontinues or suspends operations.
B. A facility wishing to continue operation as a licensed facility under the above-mentioned circumstances submits an application for an amended licensure in accordance with these regulations at least 30 calendar days prior to the anticipated change.
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