Administrative Rules of Montana
Department 24 - LABOR AND INDUSTRY
Chapter 24.174 - BOARD OF PHARMACY
Subchapter 24.174.10 - Out-of-State Mail Service Pharmacies
Rule 24.174.1005 - CHANGE IN OWNERSHIP

Universal Citation: MT Admin Rules 24.174.1005

Current through Register Vol. 24, December 22, 2023

(1) When a mail service pharmacy changes ownership, the original license becomes void and must be surrendered to the board, and a new license obtained by the new owner. The owner shall submit a new license application at least 30 days prior to the change in ownership.

(2) A change in ownership for the purposes of this rule shall be deemed to occur when more than 50 percent of the equitable ownership of a business is transferred in a single transaction or in a related series of transactions to one or more persons or any other legal entity.

(3) The board must be notified in writing when five to 50 percent of the equitable ownership of a business is transferred in a single transaction or in a related series of transactions to one or more persons or any other legal entity.

NEW, 2007 MAR p. 1936, Eff. 11/22/07.

37-7-201, 37-7-712, MCA; IMP, 37-7-701, 37-7-702, 37-7-703, 37-7-704, 37-7-706, MCA;

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