N.M. Admin. Code § 16.19.6.8

Current through Register Vol. 35, No. 21, November 5, 2024

Section 16.19.6.8 - PROCEDURE FOR NEW LICENSURE OF BUSINESS FOR DISTRIBUTION OF DRUGS AND FOR TRANSFER OF OWNERSHIP OF LICENSED BUSINESSES

A. Applicant shall submit required application and fee to the Board of Pharmacy office.

B. The Board, at its discretion, may require all persons interested in the ownership, operation or management, pursuant to the applicant, to meet with the Board to determine that all persons are qualified and cognizant of the laws and regulations pertaining to the distribution of dangerous drugs.

C. After preliminary approval of the application, the applicant shall submit a "Request for Inspection" and the inspection fee, where applicable, in advance of fourteen days of the requested date for inspection. All subsequent "Request for Inspection" shall be submitted in advance of fourteen days of the requested date for inspection.

D. The Board shall review the license application and the inspection report at its next meeting and shall cause the license to be issued or denied.

E. The license provided for herein shall terminate upon the sale or transfer of ownership. Operation of a business subsequent to the date of such transfer or sale without a new application and approval by the Board shall constitute a violation of the law under 61-11-14(I), and is subject to the penalties contained in the Pharmacy Act. Any pharmacy license exempt from minimum standards by Section 61-11-26 of the Pharmacy Act, will be considered to be a new license upon change of ownership and will be required to meet the standards set forth in the Board of Pharmacy 16.19.6.10, before a new license will be issued for such pharmacy. Note Change in Ownership as defined in 16.19.6.20.

N.M. Admin. Code § 16.19.6.8

16.19.6.8 NMAC - Rp, 16 NMAC 19.6.8, 03-30-02