Approvals not transferable

Wis. Stat. § 150.41, under RESOURCE ALLOCATION PROGRAM; LONG-TERM CARE.

Wis. Stat. § 150.41

150.41 Approvals not transferable. No person may transfer through sale, lease or donation any approval granted under this subchapter. The sale, lease or donation of a nursing home before the completion or licensure of a project at that nursing home voids the approval. This section does not apply to transfers of stock within a corporation that do not alter the controlling interest in the corporation or to transfers of interests within a limited liability company that do not alter the controlling interest in the limited liability company. History: 1983 a. 27; 1993 a. 112.