(210 ILCS 9/50)
Transfer of ownership.
(a) Whenever ownership of an establishment is transferred from the person
named in the license
to any other person, the transferee must obtain a new probationary license.
The transferee shall
notify the Department of the transfer and apply for a new license at least 30
days prior to final
(b) The transferor shall notify the Department at least 30 days prior to
final transfer. The
transferor shall remain responsible for the operation of the establishment
until such time as a
license is issued to the transferee.
(Source: P.A. 91-656, eff. 1-1-01.)