Section R4-20-114. Notice of Change of Status

A.      An optical establishment licensee and dispensing optician licensee shall notify the Board of any change in the informa- tion provided to the Board concerning license application or its renewal, including any change in name, address, work loca- tion, establishment ownership or the name, address or home telephone number of each dispensing optician working at the establishment.

B.       This notice shall be in writing and made within 30 days of change of status.

C.      For purposes of this Section, a change of establishment owner- ship means:

1.        The transfer of a controlling interest in the optical estab- lishment business from one person to another;

2.        The addition or termination of a general partner; or

3.        The transfer or agreement to transfer a block of 20% or more of the outstanding voting stock of a corporation or association or the transfer or agreement to transfer any amount of voting stock that would give the transferee control of a majority of outstanding voting stock. For pur- poses of this subsection, “voting stock” means any inter- est or system whereby the operation of a corporation is controlled by its owners or trustees.

Historical Note

Adopted effective October 24, 1983 (Supp. 83-5). Former Section R4-20-115 amended and renumbered as Section R4-20-114 effective September 18, 1987 (Supp. 87-3).

Amended effective September 13, 1989 (Supp. 89-3). Amended by final rulemaking at 11 A.A.R. 3660, effec- tive November 15, 2005 (Supp. 05-3).