Cal. Code Regs. Tit. 16, § 1024.8 - Notification of Changes Required of Foreign Dental Schools

(a) An approved institution shall notify the board in writing no later than 30 days after making any change in the following:

(1) location;

(2) mission, purposes or objectives;

(3) change of name;

(4) shift or change in control. A "shift in control" or "change in control" means any change in the power or authority to manage, direct, or influence the conduct, policies, and affairs of an institution from one person or group of people to another person or group of people. A "shift in control" or "change in control" may but need not involve a transfer of any property interest. A "shift in control" or "change in control" may include a shift in the voting control of corporate stock from one person or group to another, the acquisition of sufficient stock by a minority shareholder to gain control of the institution, the transfer of voting rights to a voting trust, the transfer of any ownership interest to any trust in which the owner does not have the same degree of control as before the transfer, and the transfer of authority to manage the institution by the owners to another. A "shift in control" or "change in control" does not include the owner's replacement of an individual administrator with another natural person if the owner does not transfer any interest in the institution or relinquish any control of the institution to that person.

(b) Nothing in this article shall prevent the board from requesting that the institution provide information, documents, or other evidence in order for the board to determine whether the change will affect the institution's compliance with the requirements of this article. The board shall make a determination within 60 days after receiving such written notification whether, because of the change, the institution is no longer in compliance with the requirements of this article.

Notes

Cal. Code Regs. Tit. 16, § 1024.8

1. New section filed 10-15-2001; operative 11-14-2001 (Register 2001, No. 42).

Note: Authority cited: Sections 1614 and 1636.4, Business and Professions Code. Reference: Section 1636.4, Business and Professions Code.

1. New section filed 10-15-2001; operative 11-14-2001 (Register 2001, No. 42).