California Health and Safety Code

§ 11834.40

HSC § 11834.40 Effective Jan 1, 1994Div. 10.5 · Part 2 · Ch. 7.5 · Art. 4

Statute text

A license shall terminate by operation of law, prior to its expiration date, when any of the following conditions occur:

(a)The licensee sells or otherwise transfers the facility or the property of the facility as identified on the license, unless the transfer of ownership applies to the transfer of stock when the facility is owned by and licensed as a corporation, and when the transfer of stock does not constitute a majority change in ownership.

(b)The licensee surrenders the license to the department.

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Legislative history

Added by Stats. 1993, Ch. 741, Sec. 23. Effective January 1, 1994.