Ohio Administrative Code
Title 4729:6 - Distribution of Dangerous Drugs
Chapter 4729:6-2 - Licensure
Section 4729:6-2-05 - Change in description of a distributor of dangerous drugs
Current through all regulations passed and filed through March 18, 2024
(A) Any change in the ownership, business or trade name, category, or address of a distributor of dangerous drugs requires a new application, required fee, and license. The new application and required fee shall be submitted within thirty days of any change in the ownership, business or trade name, category, or address.
(B) A change of ownership includes any of the following:
(C) For publicly traded corporations, a routine sale of stock is not a change of ownership. A publicly traded corporation is a corporation owned by stockholders who are members of the general public and who trade shares publicly, often through a listing on a stock exchange.
(D) If any change of ownership in accordance with paragraph (B) of this rule results in a new or different DBA or a new or different employer identification number (EIN), a new application fee is required.
(E) A change of ownership set forth in this rule or as otherwise determined by the board's executive director or the director's designee may require the board to issue a new license number.
(F) A change of ownership as described in paragraph (B) of this rule of a licensee's parent or holding company shall not require a new application, required fee, and license.
(G) A change of credential class shall require notification to the board and may also require a new application. A change of credential class may not require a full application fee and the board may charge a nominal processing fee.
Replaces: 4729-9-08