§ 10-438. Sale or transfer of assets--Approval by Department
West's Annotated Code of MarylandHuman ServicesEffective: October 1, 2007
Effective: October 1, 2007
MD Code, Human Services, § 10-438
§ 10-438. Sale or transfer of assets--Approval by Department
(a)(1) After reviewing the information required by § 10-437 of this subtitle, the Department shall determine whether the sale, transfer, or other disposition satisfies the standard for approval set forth in subsection (b) of this section.
(b) The Department shall approve the sale, transfer, or other disposition of assets unless it determines that the sale, transfer, or disposition is likely to have an unreasonably adverse effect on:
(c)(1) By regulation, the Department shall adopt reasonable objective financial standards for a proposed sale, transfer, or other disposition of assets.
(d)(1) In accordance with Title 10, Subtitle 2 of the State Government Article, the provider may appeal the Department's decision on the proposed sale, transfer, or other disposition of assets.
(e) A sale, transfer, or other disposition of assets subject to this part may not be completed until 5 days after the later of:
Credits
Added by Acts 2007, c. 3, § 2, eff. Oct. 1, 2007.
MD Code, Human Services, § 10-438, MD HUMAN SERV § 10-438
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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