W. Va. Code R. § 135-35-9 - Change of School Ownership

Current through Register Vol. XXXIX, No. 11, March 18, 2022

9.1. A school must notify the Council at least thirty (30) days in advance of the change of ownership control. Within thirty (30) days of such notification, the Council will notify the school of permit status.
9.2. When a school is located in this state and has a change of ownership control and the new ownership control is outside of the immediate family of the previous owner, the school may continue to operate under the present permit. However, before the solicitation of students can continue, the school shall submit to the Council the following:
9.2.a. A fully executed surety bond in the amount of fifty thousand dollars ($50,000).
9.2.b. The names, addresses, and corporate titles of all persons or other entities having a financial interest in the school, and the names and addresses of any other schools in which these persons or entities have or have had a financial interest.
9.2.c. A revised listing of all programs to be offered if changes were made with new ownership.
9.2.d. An application for each representative of the school who will be soliciting students.
9.3. If the school is located outside this state, the school must show evidence of compliance with the laws and regulations in the state where the school is located. In addition, before the solicitation of students continues in this state, the school must submit the following:
9.3.a. A fully executed surety bond in the amount of fifty thousand dollars ($50,000);
9.3.b. An application for each representative of the school that will be soliciting students in West Virginia;
9.3.c. A revised listing of all programs to be offered if changes are made with new ownership; and
9.3.d. The names, addresses, and corporate titles of all persons or other entities having a financial interest in the school.

Notes

W. Va. Code R. § 135-35-9

The following state regulations pages link to this page.



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.