Ariz. Admin. Code § 21-9-206

Current through Register Vol. 31, No. 2, January 10, 2025

Section R21-9-206 - License: Term; Non-transferability

A. OLR shall issue a license only to the adoption agency for which application is made and for the location shown on the application.

B. A license expires one year from the date of issuance.

C. A license shall not be transferred or assigned and shall expire upon a change in adoption agency ownership.

D. For the purpose of this Section, a change in ownership shall include the following events:

1. Sale or transfer of the adoption agency,

2. Bulk sale or transfer of the adoption agency's assets or liabilities,

3. Placement of the adoption agency in the control of a court appointed receiver or trustee,

4. Bankruptcy of the adoption agency,

5. Change in the composition of the partners of an adoption agency organized as a partnership,

6. Sale or transfer of a controlling interest in the stock of a corporate adoption agency, or

7. Loss of an adoption agency's nonprofit status.

Ariz. Admin. Code § R21-9-206

New section made by exempt rulemaking at 21 A.A.R. 3524, effective 1/24/2016.