North Carolina General Statutes 58-64-15. Sale or transfer of ownership
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Terms Used In North Carolina General Statutes 58-64-15
- Contract: A legal written agreement that becomes binding when signed.
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
No license is transferable, and no license issued pursuant to this Article has value for sale or exchange as property. No provider or other owning entity shall sell or transfer ownership of the facility, or enter into a contract with a third-party provider for management of the facility, unless the Commissioner approves such transfer or contract. (1989, c. 758, s. 1.)