Certificate of Need Related Laws

 

Health Care Administration

 

408.708 Definitions

(7)“Controlling interest” means:

(a)The applicant or licensee;

(b)A person or entity that serves as an officer of, is on the board of directors of, or has a 5-percent or greater ownership interest in the applicant or licensee; or

(c)A person or entity that serves as an officer of, is on the board of directors of, or has a 5-percent or greater ownership interest in the management company or other entity, related or unrelated, with which the applicant or licensee contracts to manage the provider.

The term does not include a voluntary board member.



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