Illinois Administrative Code (Last Updated: March 27, 2024) |
TITLE68. PROFESSIONS AND OCCUPATIONS |
PART1253. HOME MEDICAL EQUIPMENT AND SERVICES PROVIDER ACT |
§1253.50. Change of Ownership
Latest version.
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a) When the business changes ownership, a new application shall be filed with the Department in accordance with Section 1253.20.
b) Change of ownership is defined as, but not limited to:
1) whenever the controlling entity of the licensee changes; or
2) change in the legal form under which the controlling entity is organized.