Louisiana Administrative Code
Title 28 - EDUCATION
Part IX - Regents.
Chapter 3 - Criteria and Requirements for Licensure
Section IX-327 - Sale of Ownership and Transfer of License [Formerly Section 325]
Universal Citation: LA Admin Code IX-327
Current through Register Vol. 50, No. 3, March 20, 2024
A. In the event that an institution sells all or a majority interest in its ownership, it is required to notify the board of Regents of both expected and final sale. A review of the institution's operations and objectives will be required upon final sale to determine if the institution's operating license should be transferred to the new ownership. Any and all costs associated with the Board of Regents' review will be borne by the new ownership of the institution.
AUTHORITY NOTE: Promulgated in accordance with R.S. 17:1808.
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