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WAC 388-835-0020

What is a "change in ownership"?

(1) A "change in ownership" is a change in the individual or legal organization responsible for the daily operation of an ICF/ID facility.
(2) Types of events causing a change in ownership include but are not limited to:
(a) Changing the form of legal organization of the owner, such as a sole proprietorship becomes a partnership or corporation;
(b) Transferring the title to the ICF/ID enterprise from the provider to another party;
(c) Leasing the ICF/ID facility to another party or an existing lease is terminated;
(d) When the provider is a partnership, any event that dissolves the partnership;
(e) When the provider is a corporation and the corporation:
(i) Is dissolved;
(ii) Merges with another corporation which is the survivor; or
(iii) Consolidates with one or more other corporations to form a new corporation.
(3) Ownership does not change when:
(a) The provider contracts with another party to manage the facility and act as the provider's agent subject to the provider's general approval of daily operating decisions; or
(b) When the provider is a corporation, some or all of its corporate stock is transferred.
[Statutory Authority: RCW 71A.12.030 and 44.04.280. WSR 15-09-069, § 388-835-0020, filed 4/15/15, effective 5/16/15. Statutory Authority: RCW 71A.20.140. WSR 01-10-013, § 388-835-0020, filed 4/20/01, effective 5/21/01.]
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