W. Va. Code R. § 133-52-8

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 133-52-8 - Change of Ownership and Control

8.1. Authorization of an institution terminates when a change in ownership or control of the institution changes from that indicated on the institution's most recent reauthorization application unless the institution files an application within 10 business days after the change of ownership or control. Such institution shall submit an application reflecting the change in ownership and control and an application fee of $500.

8.1.a. If an institution files an application requesting approval of a change of ownership and control more than 10 business days after such change takes effect, the authorization terminates and such an application will be considered as an application for authorization and the institution shall pay the fees specified in 133 C.S.R. 20, Initial Authorization for Degree-Granting Institutions.

8.1.b. An authorized institution shall notify the Commission of any anticipated change in ownership or control at least 30 days prior to the change in ownership and control.

W. Va. Code R. § 133-52-8