N.Y. Comp. Codes R. & Regs. tit. 10 § 790.13

Current through Register Vol. 46, No. 50, December 11, 2024

Section 790.13 - Transfers of interest by sole proprietors or partnerships

An individual or partnership seeking Public Health Council approval for the transfer of all or part of the ownership of the business shall file, in addition to meeting the other applicable requirements of this Part, information, documents and data as follows:

(a) a photocopy of the applicant's executed proposed certificate of doing business;

(b) where the applicant is a partnership, full and true copies of all partnership agreements;

(c) a declaration of the percentage of the business to be transferred;

(d) a financial statement setting forth the purchase price of the interest in the business being sold and the financial resources available to make such purchase, or the basis on which such transfer is to be financed;

(e) where any transfer is to be by gift, a statement of the relationship between the donor and the donee; and

(f) such additional pertinent information or documents necessary for Public Health Council consideration, as requested.

N.Y. Comp. Codes R. & Regs. Tit. 10 § 790.13