| (C) the location of main office and any other locations
where courses are offered.
(2) An approved provider, upon transfer to the new
owner, must meet the financial review standards imposed by §535.61
of this subchapter.
(3) An approved provider requesting approval of a change
in ownership shall provide all of the following information or documents
to the Commission:
(A) a new bond of $20,000 for the proposed new owner,
a statement from the bonding company indicating that the former bond
will transfer to the proposed new owner, or other security acceptable
to the Commission under §1101.302 of the Act;
(B) an Education Provider Application reflecting all
required information for each proposed new owner;
(C) a Principal Information Form for each proposed
new owner who would hold at least a 10% interest in the school; and
(D) pay the fee required by §535.101 or §535.210
of this title.
|
| Source Note: The provisions of this §535.65 adopted to be effective January 1, 2015, 39 TexReg 9669; amended to be effective January 1, 2016, 40 TexReg 8226; amended to be effective December 7, 2016, 41 TexReg 9522; amended to be effective May 24, 2017, 42 TexReg 2725; amended to be effective March 5, 2018, 43 TexReg 1279 |
