New Mexico Administrative Code
Title 16 - OCCUPATIONAL AND PROFESSIONAL LICENSING
Chapter 19 - PHARMACISTS
Part 21 - DRUG PRECURSORS
Section 16.19.21.25 - DISTRIBUTION UPON TRANSFER OR DISCONTINUANCE OF BUSINESS
Universal Citation: 16 NM Admin Code 16.19.21.25
Current through Register Vol. 35, No. 24, December 23, 2024
A. Upon transfer of a business from one owner to another, the owner may dispose of the drug precursors in the following manner:
(1) have the drug precursor destroyed as discussed in 16.19.21.24 NMAC;
(2) transfer the drug precursors to the new owner. All records required to be kept by the registrant-transferor with reference to the drug precursors being transferred shall be transferred to the registrant-transferee. Responsibility for the accuracy of records prior to the date of transfer remains with the transferor, but responsibility for custody and maintenance shall be upon the transferee.
B. Upon discontinuance of business, if there are drug precursors which are not transferred to another registrant, these substances shall be handled as unwanted drug precursors under 16.19.21.24 NMAC.
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