§ 42-93. Transfer and assignment of certificates.

(a)

Any certificate issued pursuant to this article is assignable or transferable upon written approval of the board in the same manner based upon the same requirements of application, investigation, fees and public hearing as original applications for certificates.

(b)

Any cumulative transfer or conveyance of shares of stock or beneficial or legal interest of any person or officer of the certificate holder, (whether by transfer, gift, assignment, devise, etc.) so as to cause a change in ownership of more than 30 percent of the stock over the effective period of the COPCN, of the certificate holder shall be deemed a transfer, such that the board's approval under subsection (a) is required.

(c)

A certificate holder or certificate applicant shall notify the director of any change in person(s) serving on its board of directors, serving as its medical director, functioning as systems manager for it, holding in excess of ten percent of its stock. The certificate holder or certificate applicant shall notify the director in writing within ten calendar days of the effective date of the change.

(Ord. No. 04-48, § 2, 11-30-04)