Utah § 2d-515 - Changes in ownership.

Full text of Utah Utah Code § 2d-515 — Changes in ownership., with citation guidance and answers to common questions.

§ 2d-515. Changes in ownership.

Effective 7/1/2024
53-2d-515.  Changes in ownership.
(1) A licensed provider whose ownership or controlling ownership interest has changed shall submit information to the bureau, as required by bureau rule:
(a) to establish whether the new owner or new controlling party meets minimum requirements for licensure; and
(b) except as provided in Subsection (2), to commence an administrative proceeding to determine whether the new owner meets the requirement of public convenience and necessity under Section 53-2d-508.
(2) An administrative proceeding is not required under Subsection (1)(b) if:
(a) the change in ownership interest is among existing owners of a closely held corporation and the change does not result in a change in the management of the licensee or in the name of the licensee;
(b) the change in ownership in a closely held corporation results in the introduction of new owners, provided that:
(i) the new owners are limited to individuals who would be entitled to the equity in the closely held corporation by the laws of intestate succession had the transferor died intestate at the time of the transfer;
(ii) the majority owners on January 1, 1999, have been disclosed to the department by October 1, 1999, and the majority owners on January 1, 1999, retain a majority interest in the closely held corporation; and
(iii) the name of the licensed provider remains the same;
(c) the change in ownership is the result of one or more owners transferring their interests to a trust, limited liability company, partnership, or closely held corporation so long as the transferors retain control over the receiving entity;
(d) the change in ownership is the result of a distribution of an estate or a trust upon the death of the testator or the trustor and the recipients are limited to individuals who would be entitled to the interest by the laws of intestate succession had the transferor died intestate at the time of the transfer; or
(e) other similar changes that the department establishes, by rule, as having no significant impact on the cost, quality, or access to emergency medical services.


Renumbered and Amended by Chapter 307, 2023 General Session
Renumbered and Amended by Chapter 310, 2023 General Session

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Frequently Asked Questions About Utah § 2d-515

What does Utah Code § 2d-515 cover?

Section 2d-515 ("Changes in ownership.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite Utah § 2d-515?

A common citation format is "Utah Code § 2d-515" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of Utah law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.

How does Utah § 2d-515 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in Utah.