Change of Ownership definition

Change of Ownership means a change in the individual or legal organization that is responsible for the operation of a nursing facility. Change of ownership does not include changes in personnel, e.g., a change of administrators. Events that change ownership include, but are not limited to, the following:

Change of Ownership means a transfer of a controlling legal or

Change of Ownership means the date one Person or Group acquires ownership of stock of Bancorp that, together with stock previously held, constitutes more than 50% of the total fair market value or total voting power of the stock of Bancorp; provided that such Person or Group did not previously own 50% or more of the value or voting power of the outstanding stock of Bancorp.

Examples of Change of Ownership in a sentence

• Change of ownership or occupancy of premises found delinquent shall not be cause for reducing or eliminating these penalties.

• Office of the Secretary of Family and Social Services; 405 IAC 1-20-3; filed Apr 17, 2003, 5:15 p.m.: 26 IR 2866) 405 IAC 1-20-4 Change of ownership effectAuthority: IC 12-8-6-5; IC 12-15-1-10; IC 12-15-21-2; IC 12-15-21-3Affected: IC 12-13-7-3; IC 12-15 Sec.

• Notification required by Section 15 of this act1119of changes in information to be furnished by a licensee shall1120include: 1121(a) Termination of a branch manager; 1122(b) Change of agency name;1123(c) Change of agency address;1124(d) Change of agency telephone number; and1125(e) Change of ownership if agency is sole1126proprietorship.1127SECTION 72.

• Change of ownership of the PolicySubject to the approval of the Company at its discretion, the Policy Holder may transfer the ownership of this Policy by completing the prescribed form and sending it to the Company.

• Section 410.142 is amended by adding paragraph (k) to read as follows: § 410.142 CMS process for approving national accreditation organizations.* * * * * (k) Change of ownership.

More Definitions of Change of Ownership

Change of Ownership means:

Change of Ownership means: (a) any person acquiring or ceasing to have any legal, beneficial or equitable interest (whether directly or indirectly) in an Applicant (including control over the exercise of voting rights conferred on those shares, control over the right to appoint or remove directors and rights to dividends); or (b) where the Proposed Operator is not yet incorporated (and is not, therefore, an Applicant), any change in the proposed legal, beneficial or equitable interests (whether direct or indirect) in respect of the Proposed Operator;

Change of Ownership means (a) 50% or more of the Equity Interests of Borrower is no longer owned or controlled by (including for the purposes of the calculation of percentage ownership, any Equity Interests into which any Equity Interests of Borrower held by any of the Original Owners are convertible or for which any such Equity Interests of Borrower or of any other Person may be exchanged and any Equity Interests issuable to such Original Owners upon exercise of any warrants, options or similar rights which may at the time of calculation be held by such Original Owners) a Person who is an Original Owner or (b) any merger, consolidation or sale of substantially all of the property or assets of Borrower.

Change of Ownership means a change in the individual or entity that owns the facility business, a change in the individual or entity responsible for the provision of services at the facility, or both. Events that change ownership include, but are not limited to:

Change of Ownership means any time a controlling interest in a sole proprietorship, joint venture, partnership, corporation, limited liability company, or any other kind of entity is transferred to another sole proprietor, joint venture, partnership, corporation, limited liability company or any other kind of entity.

Change of Ownership means a change in the controlling interest of an established FMRTF to an individual or successor business entity.

Change of Ownership means a transfer of controlling legal or controlling equitable interest and authority in an air ambulance service.