20 CSR 2220-8.060 - Termination of Business
PURPOSE: This rule establishes guidelines for terminating business as a third-party logistics provider or drug outsourcer.
(1) A licensed
third-party logistics provider or drug outsourcer must notify the board within
fifteen (15) days after terminating business in Missouri. Notification must be
in writing or on a form provided by the board and include the following
information:
(A) The name, address, license
number, and effective date of closure;
(B) The name, address, and license number of
the entity to which any of the stock/inventory will be transferred;
and
(C) The name and address of the
location where records required to be maintained by law will be
transferred.
(2)
Licensees terminating business may transfer all drugs and records in accordance
with the following:
(A) Misbranded, outdated,
or adulterated drugs may not be transferred, except for purposes of proper
disposal;
(B) The entity's Missouri
license must be returned to the board either in person or by registered or
certified mail; and
(C) Any records
transferred to an unlicensed location must be retrievable for board review
within seven (7) working days of a request made by an authorized official of
the board.
(3) This rule
does not preempt any other laws or regulations governing third-party logistic
(3PL) or drug outsourcer licensure, change of ownership, change of location, or
change of name.
Notes
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No prior version found.