§ 10-432. Sale or transfer of facility ownership--In general
West's Annotated Code of MarylandHuman ServicesEffective: October 1, 2012
Effective: October 1, 2012
MD Code, Human Services, § 10-432
§ 10-432. Sale or transfer of facility ownership--In general
(a)(1) Subsection (b)(2) of this section does not apply to a transfer of ownership or control of a person that owns or controls a facility, if:
(b) Unless the Department approves the sale or transfer in accordance with §§ 10-433 through 10-435 of this subtitle:
(2) a person with an ownership interest in or a right to control the provider, through governing body appointments or contractual or similar arrangements, may not sell or otherwise transfer, directly or indirectly, the right to control or more than 50% of the ownership of a person that owns or controls a facility.
Credits
Added by Acts 2007, c. 3, § 2, eff. Oct. 1, 2007. Amended by Acts 2012, c. 523, § 1, eff. Oct. 1, 2012; Acts 2012, c. 524, § 1, eff. Oct. 1, 2012.
MD Code, Human Services, § 10-432, MD HUMAN SERV § 10-432
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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