Haw. Code R. § 11-99-71 - Ownership and financial capability

(a) The facility shall provide to the department current information in regard to:

(1) The name of each person having (directly or indirectly) an ownership interest of ten percent or more in such facility or who is the owner (in whole or in part) of any mortgage, deed or trust, note or other obligation secured (in whole or in part) by such facility.

(2) Major changes of officers and directors of the corporation in case a facility is organized as a corporation.

(3) The name of each partner in case a facility is organized as a partnership.

(b) The financial resources of the owner shall be sufficient to operate and maintain the facility according to the standards set forth in this chapter. The owner shall provide, upon request, such evidence as deemed necessary by the department to establish this requirement.

Notes

Haw. Code R. § 11-99-71

[Eff. APR 29, 1985] (Auth: HRS §§ 321-9, 321-10, 321-11, 333-53) (Imp: HRS § 333-53)