California Health and Safety Code

§ 1569.2

HSC § 1569.2 Effective Jan 1, 2017Div. 2 · Ch. 3.2 · Art. 1

Statute text

As used in this chapter:

(a)“Administrator” means the individual designated by the licensee to act on behalf of the licensee in the overall management of the facility. The licensee, if an individual, and the administrator may be one and the same person.

(b)“Beneficial ownership interest” means an ownership interest through the possession of stock, equity in capital, or any interest in the profits of the applicant or licensee, or through the possession of such an interest in other entities that directly or indirectly hold an interest in the applicant or licensee. The percentage of beneficial ownership in the applicant or licensee that is held by any other entity is determined by multiplying the other entities’ percentage of ownership interest at each level.

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Legislative history

Amended by Stats. 2016, Ch. 86, Sec. 179. (SB 1171) Effective January 1, 2017.