§6216. Sale or transfer of ownership
Any provider desiring to sell or transfer ownership of a continuing care facility shall notify the superintendent and the acquiring interest shall obtain the superintendent's advance approval of the sale or transfer. The certificate of authority is nontransferable. The new owner must apply for a new certificate of authority to continue to provide continuing care at the facility. [PL 1987, c. 482, §1 (NEW).]
SECTION HISTORY
PL 1987, c. 482, §1 (NEW).
Structure Maine Revised Statutes
TITLE 24-A: MAINE INSURANCE CODE
Chapter 73: CONTINUING CARE RETIREMENT COMMUNITIES
24-A §6202. Certificate of authority required
24-A §6203. Requirements for issuance of certificate
24-A §6203-A. Escrow account (REPEALED)
24-A §6205. Suspension or revocation of certificate of authority
24-A §6206. Required provisions of a continuing care agreement
24-A §6207. Continuing care agreement; condominium
24-A §6208. Continuing care agreement; consumer cooperative
24-A §6209. Disclosure statement
24-A §6210. Termination of continuing care agreement
24-A §6211. Waiver of certain continuing care agreement provisions prohibited
24-A §6212. Discharge of subscriber prior to expiration of agreement
24-A §6213. Actions for damages or equitable relief
24-A §6214. Administrative rules
24-A §6215. Reserves (REPEALED)
24-A §6216. Sale or transfer of ownership
24-A §6217. Penalties and enforcement
24-A §6218. Financial and organizational disclosure statements
24-A §6220. Filings and reports as public documents
24-A §6224. Removal of records or assets from the State
24-A §6225. Rehabilitation, liquidation or conservation of providers
24-A §6226. Continuing Care Retirement Community - Certificate of Need Demonstration Project