N.M. Admin. Code § 8.370.17.16 - NON-TRANSFERABLE RESTRICTION ON LICENSE
A. A license granted under these regulations
is not transferable to any other owner, whether an individual or legal entity,
or to another location. The authority shall not guarantee or be liable for or
responsible for guaranteeing the transfer of the license to any other owner or
other location. The existing license shall be void and must be returned to the
licensing authority when any one of the following situations occurs:
(1) any ownership interest in the facility
changes;
(2) the facility changes
location;
(3) the licensee of the
facility changes; or
(4) the
facility discontinues operation.
B. Any owner or applicant wishing to continue
operation of an already licensed facility must submit a new application for an
initial license in accordance with these regulations at least 30 days prior to
the anticipated change and shall not be guaranteed issuance of a license under
the same terms and conditions of an existing license. Failure by any owner or
new owner to apply for a new license under these conditions, while continuing
to operate under these regulations, shall be considered a violation of these
regulations and consent to the imposition of late fees, sanctions or other
actions for operating without a license, allowed under these regulations and
all other applicable statutes and regulations.
Notes
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