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 Oct. 20, 2023).

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