(A) An approved ACE provider shall obtain approval
of the Board at least 30 days in advance of any material change in
the operation of the provider, including but not limited to changes
in:
(i) ownership;
(ii) management; and
(iii) the location of main office and any other locations
where courses are offered.
(B) An approved provider requesting approval of a change
in ownership shall provide a Principal Application Form for each proposed
new owner who would hold at least a 10% interest in the provider to
the Board.
(k) Non-compliance.
(1) If the Board determines that an ACE course or provider
no longer complies with the requirements for approval, the Board may
suspend or revoke approval for the ACE course or provider.
(2) Proceedings to suspend or revoke approval of an
ACE course or provider shall be conducted in accordance with §153.41
of this title.
|