W. Va. Code R. § 135-52-8 - Change of Ownership and Control
8.1. Authorization of an institution
terminates when a change in ownership or control of the institution changes
from that indicated on the institution's most recent reauthorization
application unless the institution files an application within ten (10)
business days after the change of ownership or control. Such institution shall
submit an application reflecting the change in ownership and control and an
application fee of $500.
8.1.1. If an
institution files an application requesting approval of a change of ownership
and control more than ten (10) business days after such change takes effect,
the authorization terminates and such an application will be considered as an
application for authorization and the institution shall pay the fees specified
in 135 C.S.R. 20, Initial Authorization for Degree-Granting
Institutions.
8.1.2. An
authorized institution shall notify the Council of any anticipated change in or
control at least thirty (30) days prior to the change in ownership and
control.
Notes
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