Okla. Admin. Code § 465:20-5-9

Current through Vol. 42, No. 4, November 1, 2024

Section 465:20-5-9 - [Effective until 9/14/2025] Vendor ownership changes

(a)Ownership. A change of ownership, greater than fifty percent, shall require a new application and approval by the Commission before the business may begin operation.

(b)Notification. A change of ownership or any other change, such as change of name or address, which makes Commission records no longer accurate must be reported to the Commission immediately in writing on forms prescribed by the Commission for approval by the Commission. The vendor must meet all the requirements as prescribed for registration. The Commission may revoke or suspend a registration after it has been granted for change of condition resulting in failure to maintain the qualifications for registration. Failure to complete the requirements for registration at the new location within thirty (30) days shall result in suspension of the vendor's registration until the registration requirements are met.

Adopted by Oklahoma Register, Volume 42, Issue 2, October 1, 2024, eff. 8/27/2024, exp. 9/14/2025 (Emergency)