Oklahoma Administrative Code
Title 310 - Oklahoma State Department of Health
Chapter 663 - Continuum of Care and Assisted Living
Subchapter 17 - Surety Bonds or Deposits
Section 310:663-17-2 - Net worth requirement
Universal Citation: OK Admin Code 310:663-17-2
Current through Vol. 42, No. 7, December 16, 2024
(a) The continuum of care facility's or assisted living center's net worth shall be calculated as assets minus liabilities, plus fully subordinated debt.
(b) The continuum of care facility or assisted living center shall maintain cash or cash equivalents sufficient to meet its obligations as they become due.
Added at 15 Ok Reg 2605, eff 6-25-98
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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