§ 97439. Request for Expedited Review of Notices of Material Change Transaction.
22 CA ADC § 97439Barclays Official California Code of RegulationsEffective: December 18, 2023
Effective: December 18, 2023
22 CCR § 97439
§ 97439. Request for Expedited Review of Notices of Material Change Transaction.
(1) Severe financial distress of one or more of the parties to the transaction. “Severe financial distress” means grave risk of immediate business failure, such as a substantial likelihood that a party to the transaction (or an entity affected by the transaction) will have to file for bankruptcy under Chapter 11 of the Bankruptcy Act (11 U.S.C. Sec. 1101 et seq.) absent expedited review, and that the transaction is necessary to ensure continued health care access in the relevant markets.
Credits
Note: Authority cited: Sections 127501 and 127501.2, Health and Safety Code. Reference: Section 127507.2, Health and Safety Code.
History
1. New section filed 12-18-2023 as an emergency; operative 12-18-2023 (Register 2023, No. 51). Pursuant to Health and Safety Code section 127501.2, subdivision (b), this regulation shall be repealed by operation of law on 12-19-2028 unless the adoption, amendment, or repeal of the regulation is promulgated by the Department of Health Care Affordability pursuant to Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of title 2, of the Government Code before that date.
This database is current through 5/10/24 Register 2024, No. 19.
Cal. Admin. Code tit. 22, § 97439, 22 CA ADC § 97439
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