Ohio Administrative Code|Rule 4729:5-2-03 | Change in description of a terminal distributor of dangerous drugs.

                                                
(A) Any change in the ownership, business
		  or trade name, category, or address of a terminal distributor of dangerous
		  drugs requires a new application, required fee, and license. The new
		  application and required fee shall be submitted within thirty days of any
		  change in the ownership, business or trade name, category, or
		  address.
(B) A change of ownership includes any of
		  the following:
(1) A change of
			 controlling interest of ten per cent or more of a licensed corporation's
			 outstanding shares of voting stock.
(2) Any business entity
			 change from its original form, as licensed, to a sole proprietorship,
			 partnership, limited liability company, corporation or any other business
			 entity.
(3) An existing
			 corporation ceases and a new corporation or other business entity is
			 formed.
(4) An existing
			 corporation continues and there is a one hundred per cent stock purchase by
			 another corporation or other business entity.
(5) Two wholly-owned
			 subsidiaries of a parent company are merged.
(6) A currently licensed
			 terminal distributor is purchased or operated by a different business entity
			 than what is listed on the original application, even if the location maintains
			 the original "doing business as" (DBA) and/or responsible
			 person.
(7) Any partnership
			 change other than that which was originally licensed.
(a) A partnership change is deemed to have occurred
				when:
(i) There is an addition
				  or removal of one or more partners in a partnership to which a license is
				  issued.
(ii) The entity is sold
				  and the sale becomes final.
(b) For partnerships, a transfer of a portion of ownership among
				existing partners is not a change of ownership, if there is no addition or
				removal of a partner.
(8) Any other business
			 model change as determined by the board to be a change of
			 ownership.
(C) For publicly traded corporations, a
		  routine sale of stock is not a change of ownership.
A publicly traded corporation is a corporation
		  owned by stockholders who are members of the general public and who trade
		  shares publicly, often through a listing on a stock exchange.
(D)  If any change of ownership in
		  accordance with paragraph (B) of this rule results in a new or different DBA or
		  a new or different employer identification number (EIN), a new application fee
		  is required.
(E) A change of ownership may require the
		  board to issue a new license number.
(F) A change of ownership, as described
		  in paragraph (B) of this rule, of a licensee's parent or holding company
		  shall not require a new application, required fee, and license.
(G) A change of credential class shall
		  require notification to the board in a manner determined by the board. A change
		  of credential class shall not require an application or full application fee
		  but the board may charge a nominal processing fee.