Illinois Administrative Code
Title 68 - PROFESSIONS AND OCCUPATIONS
Part 1249 - CEMETERY OVERSIGHT ACT
Subpart B - CEMETERY AUTHORITIES
Section 1249.140 - Change of Ownership

Current through Register Vol. 48, No. 38, September 20, 2024

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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