58-64-15. Sale or transfer of ownership.
No license is transferable, and no license issued pursuant to this Article has value for sale or exchange as property. No provider or other owning entity shall sell or transfer ownership of the facility, or enter into a contract with a third-party provider for management of the facility, unless the Commissioner approves such transfer or contract. (1989, c. 758, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 64 - Continuing Care Retirement Communities.
§ 58-64-7 - Continuing care services without lodging.
§ 58-64-10 - Revocation of license.
§ 58-64-15 - Sale or transfer of ownership.
§ 58-64-20 - Disclosure statement.
§ 58-64-25 - Contract for continuing care; specifications.
§ 58-64-30 - Annual disclosure statement revision.
§ 58-64-33 - Operating reserves.
§ 58-64-35 - Escrow, collection of deposits.
§ 58-64-40 - Right to organization.
§ 58-64-45 - Supervision, rehabilitation, and liquidation.
§ 58-64-46 - Receiverships; exception for facility beds.
§ 58-64-50 - Investigations and subpoenas.
§ 58-64-55 - Examinations; financial statements.
§ 58-64-60 - Contracts as preferred claims on liquidation.
§ 58-64-65 - Rule-making authority; reasonable time to comply with rules.
§ 58-64-75 - Criminal penalties.