§1249.140. Change of Ownership

Latest version.

a)         At least 30 days prior to the effective date of a change in ownership of a cemetery authority subject to the Act, a new application shall be filed with the Division in accordance with Section 1249.100, 1249.110 or 1249.120.

b)         Change of ownership is defined as, but not limited to:

1)         Whenever a person, partnership, corporation, limited liability company, government entity, or other legal entity comes to obtain 51% ownership of the cemetery authority after initial licensure or after application for full exempt or partial exempt status; or

2)         Change in the legal form under which the controlling entity is organized.

                    
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