R414-27-2. Definitions

Latest version.

  (1) "Change of Ownership" (CHOW) means the owner of a licensed and certified nursing care facility program (transferor) transfers ownership of that program to another entity (transferee).

  (2) "Transferor" is the entity or nursing care facility program transferring ownership to another entity.

  (3) "Transferee" is the entity receiving ownership of the nursing care facility program from another entity.

  (4) "Independent analysis" referred to in Subsection 26-18-503(5)(b) means an analysis performed by independent third-party certified public accountants in accordance with generally accepted accounting principles.

                    
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