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2022 North Carolina General Statutes
Chapter 58 - Insurance
Article 64 - Continuing Care Retirement Communities.
§ 58-64-15 - Sale or transfer of ownership.
Universal Citation: NC Gen Stat § 58-64-15 (2022)
58-64-15. Sale or transfer of ownership.
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.)
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