N.M. Admin. Code § 7.8.3.15 - NON-TRANSFERABLE RESTRICTIONS ON A LICENSE
A. A license is nontransferable to other persons or locations.
B. The license is null and void and is returned to the Licensing Authority 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.
C. A facility wishing to continue operation as a licensed facility under the above-mentioned circumstances submits an application for an amended license in accordance with these regulations at least 30 calendar days prior to the anticipated change.
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