Utah Administrative Code (Current through November 1, 2019) |
R156. Commerce, Occupational and Professional Licensing |
R156-17b. Pharmacy Practice Act Rule |
R156-17b-618. Change in Ownership or Location
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(1) In accordance with Section 58-17b-614, except for changes in ownership caused by a change in the stockholders in corporations that are publicly listed and whose stock is publicly traded, a licensed pharmaceutical facility shall make application for a new license and receive approval from the Division no later than ten business days prior to any of the following proposed changes:
(a) location or address, except for a reassignment of a new address by the United States Postal Service that does not involve any change of location;
(b) name, except for a doing-business-as (DBA) name change that is properly registered with the Division of Corporations and filed with the Division of Occupational and Professional Licensing; or
(c) ownership when one of the following occurs:
(i) a change in entity type; or
(ii) the sale or transfer of 51% or more of an entity's ownership or membership interest to another individual or entity.
(2) Upon approval of the change in location, name, or ownership, and the issuance of a new license, the original license shall be surrendered to the Division.
(3) Upon approval of the name change, the original licenses shall be surrendered to the Division.