Ill. Admin. Code tit. 68 § 1253.50

Current through Register Vol. 48, No. 49, December 6, 2024

Section 1253.50 - Change of Ownership

a) When the business changes ownership, a new application shall be filed with the Department in accordance with Section 1253.20.

b) Change of ownership is defined as, but not limited to:

1) whenever the controlling entity of the licensee changes; or

2) change in the legal form under which the controlling entity is organized.

Ill. Admin. Code tit. 68, § 1253.50