| (a) The license of a massage school may not be sold
or transferred to another person or owner.
(b) If a massage school changes ownership, the new
owner must apply for a new massage school license within thirty (30)
days before the change in ownership. A massage school may continue
to operate pending approval by the department. The new owner must
submit a massage school application for a new license meeting all
requirements as defined in §117.50.
(c) A change of ownership may include the following:
(1) For a sole proprietorship, the licensee no longer
owns the massage school.
(2) For a partnership or limited partnership, the partnership
is dissolved.
(3) For a corporation or limited liability company,
if sold to another person or entity. A change of ownership does not
include corporate officer or stockholder restructuring.
(4) The addition or deletion of any person defined
as an owner.
(5) Legal incompetence or death.
(d) The new owner of a massage school shall accept
responsibility for all refund liabilities of the previous owner.
|
