21 NCAC 58C .0221. TRANSFER OF SCHOOL OWNERSHIP

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(a) When ownership of a licensed school is transferred to a different legal entity, the school license is not transferable and shall terminate on the effective date of the transfer.

(b) All courses shall be completed by the effective date of the ownership transfer. The transferring owner shall report course completion to the Commission.

(c) The entity acquiring ownership shall obtain an original school license for each location where the school will conduct courses as required by G.S. 93A-34 and Rule .0202 of this Subchapter prior to advertising courses, registering students, accepting tuition, conducting courses, or otherwise engaging in any school operations.

History Note: Authority G.S. 93A-33; 93A-34; 93A-35;

Eff. July 1, 2014.

                    
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