Under CCR 1213, a change in ownership requires an assignment of the funeral establishment license when equity interest exceeds what percentage?

Under CCR 1213, a change in ownership requires an assignment of the funeral establishment license when equity interest exceeds what percentage?

• A. 20%
• B. 50%
• C. 40%
• D. 30%

Answer: (B)

Controlling interest determines who must hold the license for a funeral establishment. Under CCR 1213, a change in ownership requires an assignment of the license when a single party acquires more than half of the equity—the controlling interest. So, when the equity stake exceeds fifty percent, the license must be transferred to reflect the new controlling owner. Stakes of twenty, thirty, or forty percent do not by themselves create a controlling interest, so they do not trigger the license assignment.

Controlling interest determines who must hold the license for a funeral establishment. Under CCR 1213, a change in ownership requires an assignment of the license when a single party acquires more than half of the equity—the controlling interest. So, when the equity stake exceeds fifty percent, the license must be transferred to reflect the new controlling owner. Stakes of twenty, thirty, or forty percent do not by themselves create a controlling interest, so they do not trigger the license assignment.