C.R.S. Section 23-64-116
Application for change of ownership

  • definition

(1)

In the event of a change of ownership of a school, the seller, prior to the effective date of the change of ownership, shall notify the board in writing, and the buyer, prior to or within thirty days after the change of ownership, shall make application for approval of the change of ownership upon forms to be provided and in a manner prescribed by the board. In the event of a failure to do so, the school’s certificate of approval shall be suspended by operation of law until the application has been received and approved by the board as provided in this section.

(2)

Following the review and evaluation of an application and any further information required by the board to be submitted by the applicant and an investigation and appraisal of an applicant as the board deems necessary or appropriate, the board shall either grant or deny the application. Denial of an application shall be in the same manner as set forth in section 23-64-118 for a denial of an application for a certificate of approval; except that the board shall not be required to submit a notice of noncompliance.

(3)

“Ownership”, for the purpose of this section, means ownership of a controlling interest in the school or, in the event the school is owned or controlled by a corporation or other legal entity other than a natural person, ownership of a controlling interest in the legal entity owning or controlling the school.

Source: Section 23-64-116 — Application for change of ownership - definition, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-23.­pdf (accessed Dec. 24, 2024).

23‑64‑101
Short title 23‑64‑102
Legislative declaration 23‑64‑103
Definitions 23‑64‑104
Exemptions 23‑64‑105
Private occupational school division - creation 23‑64‑106
Powers and duties of division 23‑64‑107
Private occupational school board - established - membership 23‑64‑108
Powers and duties of board - rules 23‑64‑109
Duties of private occupational schools 23‑64‑110
Submittal of fingerprints for persons teaching at designated schools - fingerprint-based criminal history record checks - prerequisite for commencing or continuing employment 23‑64‑111
Duties and powers of the division subject to approval of the executive director 23‑64‑112
Minimum standards 23‑64‑113
Prohibitions 23‑64‑114
Application for certificate of approval 23‑64‑115
Issuance of certificate of approval 23‑64‑116
Application for change of ownership - definition 23‑64‑117
Agent’s permits 23‑64‑118
Denial of application for certificate of approval or agent’s permit 23‑64‑119
Revocation of certificate of approval and agent’s permit 23‑64‑120
Refund policy 23‑64‑121
Bonds - definitions 23‑64‑122
Fees - private occupational schools fund - annual adjustment - rules 23‑64‑123
Deceptive trade or sales practices 23‑64‑124
Complaints of deceptive trade or sales practices 23‑64‑125
Preservation of records 23‑64‑126
Enforceability of notes, contracts, and other evidence of indebtedness 23‑64‑127
Violations - civil - penalty 23‑64‑128
Violations - criminal - penalty 23‑64‑129
State administrative procedure act 23‑64‑130
Jurisdiction of courts - service of process 23‑64‑131
Enforcement - injunction - fines - rules 23‑64‑132
Transfer of governance of private occupational schools - provisions for transition - rules 23‑64‑133
Repeal of article - review of functions
Green check means up to date. Up to date

Current through Fall 2024

§ 23-64-116’s source at colorado​.gov