§ 1709. Ownership, Management, and Control of Pharmacies and Other Regulated Business Entities.
16 CA ADC § 1709Barclays Official California Code of RegulationsEffective: April 1, 2022
Effective: April 1, 2022
16 CCR § 1709
§ 1709. Ownership, Management, and Control of Pharmacies and Other Regulated Business Entities.
(a) Each license issued by the board to operate a pharmacy shall reflect the name and address of the pharmacy, the form of ownership, and the pharmacist-in-charge. Each pharmacy shall, in its initial application and on the annual renewal form, report the name of the pharmacist-in-charge, the names of all owners, and the names of the corporate officers (if a corporation). Any changes in the pharmacist-in-charge, or the owners, or corporate officers shall be reported to the board within 30 days of the change.
(b)(1) Any transfer, in a single transaction or in a series of transactions, of 10 percent or more of the beneficial interest in a business entity licensed by the board to a person or entity who did not hold a beneficial interest at the time the original license was issued, shall require written notification to the board within 30 days of the transfer.
(1) any transfer of a beneficial interest in a business entity licensed by the board, in a single transaction or in a series of transactions, to any person or entity, which transfer results in the transferee's holding 50% or more of the beneficial interest in that license. The new owner shall apply to the board for licensure in advance of the proposed transaction taking place.
Credits
Note: Authority cited: Section 4005, Business and Professions Code. Reference: Sections 4035, 4037, 4058, 4101, 4110, 4111, 4112, 4113, 4120, 4130, 4131, 4201, 4205, 4207, 4302, 4305, 4307, 4308 and 4330, Business and Professions Code.
History
1. New section filed 8-23-61; effective thirtieth day thereafter (Register 61, No. 17).
2. Amendment and renumbering of Section 1709.2 to 1709 filed 7-21-66; effective thirtieth day thereafter (Register 66, No. 23).
3. Amendment filed 5-14-69; effective thirtieth day thereafter (Register 69, No. 20).
4. Amendment filed 2-22-80; effective thirtieth day thereafter (Register 80, No. 8).
5. Editorial correction (Register 95, No. 16).
6. Amendment of newly designated subsection (a), new subsections (b) and (c) and amendment of Note filed 1-15-97; operative 2-14-97 (Register 97, No. 3).
7. Change without regulatory effect amending Note filed 9-11-2002 pursuant to section 100, title 1, California Code of Regulations (Register 2002, No. 37).
8. Amendment of section heading, section and Note filed 1-11-2022; operative 4-1-2022 (Register 2022, No. 2).
This database is current through 4/26/24 Register 2024, No. 17.
Cal. Admin. Code tit. 16, § 1709, 16 CA ADC § 1709
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