TITLE 68: PROFESSIONS AND OCCUPATIONS
CHAPTER VII: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
SUBCHAPTER b: PROFESSIONS AND OCCUPATIONS
PART 1175 THE BARBER, COSMETOLOGY, ESTHETICS, HAIR BRAIDING, AND NAIL TECHNOLOGY ACT OF 1985
SECTION 1175.545 CHANGE OF OWNERSHIP


 

Section 1175.545  Change of Ownership

 

a)         When the ownership of an approved school changes, the new owner shall, within 5 working days from the date title to the school is transferred, mail to the Division the following:

 

1)         An affidavit stating that the contract is contingent on a certificate being issued to the new owner.  If this is not provided, the school must close on the date of the transfer and remain closed until a new certificate is issued;

 

2)         A signed and completed school application;

 

3)         A floor plan drawn to scale if any expansion is to be done by the new owner;

 

4)         A copy of a lease agreement showing at least a 1 year commitment or certification of school site ownership;

 

5)         A copy of the enrollment agreement that will be utilized by the new owner;

 

6)         A copy of the written, published attendance policy that will be utilized by the new owner;

 

7)         A copy of curricula that will be used by the new owner;

 

8)         A sample copy of the school's official transcript;

 

9)         A Commitment Statement, as provided in the licensure application packet, signed and dated by the school's chief managing employer and a statement signed and dated by each partner or each officer of the corporation;

 

10)         List of all the names, addresses and current status of all schools in which the applicant has previously owned any interest, and a declaration as to whether any of these schools were ever denied accreditation or licensing or lost accreditation or licensing from any government body or accrediting agency;

 

11)         If the owner is a corporation, a copy of the Articles of Incorporation; if the owner is a limited liability company, a copy of the Articles of Organization;

 

12)         If owner is a partnership, a listing of all partners and their addresses;

 

13)         A signed fire inspection report by the local fire inspection authority conducted within 6 months prior to application approving the school site;

 

14)         A financial statement prepared by a public accountant licensed by the Division pursuant to the Illinois Public Accounting Act [225 ILCS 450] who is not an employee of the school, indicating sufficient current finances exist to operate the school for at least 3 months;

 

15)         If a name change is to also occur, the new owner must submit a sample of the new school seal and a photo of the new school sign; and

 

16)         The required fee set forth in Section 1175.100.

 

b)         Once the items listed in subsection (a) have been received, the Division shall conduct an inspection prior to approval of the change of ownership.  Approval will be granted if all of the requirements of Subpart E have been met.

 

(Source:  Amended at 38 Ill. Reg. 21098, effective November 7, 2014)