{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/38.2-4924.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/38.2-4924.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/38.2-4924.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/38.2-4924.html"}],"law_id":67207,"edition_id":1,"section_id":67207,"structure_id":15595,"section_number":"38.2-4924","catch_line":"Sale or transfer of ownership or change in management","history":"2012, cc. 208, 303.","full_text":"A\n\nNo provider and no person or entity owning a provider shall sell or transfer, directly or indirectly, more than 50 percent of the ownership of the provider or of a continuing care facility or community-based continuing care without giving the Commission written notice of the intended sale or transfer at least 30 days prior to the consummation of the sale or transfer. A series of sales or transfers to one person or entity, or one or more entities controlled by one person or entity, consummated within a six-month period that constitute, in the aggregate, a sale or transfer of more than 50 percent of the ownership of a provider or of a continuing care facility or community-based continuing care shall be subject to the foregoing notice provisions.B\n\nA provider of community-based continuing care or of a continuing care facility that shall change its chief executive officer, or its management firm if managed under a contract with a third party, shall promptly notify the Commission and the residents or participants of each such change.","order_by":null,"text":{"0":{"id":243630,"text":"No provider and no person or entity owning a provider shall sell or transfer, directly or indirectly, more than 50 percent of the ownership of the provider or of a continuing care facility or community-based continuing care without giving the Commission written notice of the intended sale or transfer at least 30 days prior to the consummation of the sale or transfer. A series of sales or transfers to one person or entity, or one or more entities controlled by one person or entity, consummated within a six-month period that constitute, in the aggregate, a sale or transfer of more than 50 percent of the ownership of a provider or of a continuing care facility or community-based continuing care shall be subject to the foregoing notice provisions.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":243631,"text":"A provider of community-based continuing care or of a continuing care facility that shall change its chief executive officer, or its management firm if managed under a contract with a third party, shall promptly notify the Commission and the residents or participants of each such change.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":15595,"edition_id":1,"name":"General Provisions","identifier":"3","label":"article","depth":3,"order_by":1,"parent_id":14288,"metadata":{},"date_created":"2026-06-26 03:56:40","date_modified":"2026-06-26 03:56:40","permalink":{"id":217437,"object_type":"structure","relational_id":15595,"identifier":"3","token":"38.2\/49\/3","url":"\/38.2\/49\/3\/","edition_id":1,"permalink":0,"preferred":1}},{"id":14288,"edition_id":1,"name":"Continuing Care Providers and Community-Based Continuing Care Providers","identifier":"49","label":"chapter","depth":2,"order_by":1,"parent_id":12698,"metadata":{},"date_created":"2026-06-26 03:47:37","date_modified":"2026-06-26 03:47:37","permalink":{"id":217355,"object_type":"structure","relational_id":14288,"identifier":"49","token":"38.2\/49","url":"\/38.2\/49\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12698,"edition_id":1,"name":"Insurance","identifier":"38.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":210661,"object_type":"structure","relational_id":12698,"identifier":"38.2","token":"38.2","url":"\/38.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":67207,"structure_id":15595,"section_number":"38.2-4924","catch_line":"Sale or transfer of ownership or change in management","url":"\/38.2-4924\/","token":"38.2\/49\/3\/38.2-4924","metadata":false},{"id":71371,"structure_id":15595,"section_number":"38.2-4925","catch_line":"Financial instability","url":"\/38.2-4925\/","token":"38.2\/49\/3\/38.2-4925","metadata":false},{"id":73058,"structure_id":15595,"section_number":"38.2-4926","catch_line":"Waivers","url":"\/38.2-4926\/","token":"38.2\/49\/3\/38.2-4926","metadata":false},{"id":70964,"structure_id":15595,"section_number":"38.2-4927","catch_line":"Untrue, deceptive, or misleading advertising","url":"\/38.2-4927\/","token":"38.2\/49\/3\/38.2-4927","metadata":false},{"id":71210,"structure_id":15595,"section_number":"38.2-4928","catch_line":"Civil liability","url":"\/38.2-4928\/","token":"38.2\/49\/3\/38.2-4928","metadata":false},{"id":87047,"structure_id":15595,"section_number":"38.2-4929","catch_line":"Regulations","url":"\/38.2-4929\/","token":"38.2\/49\/3\/38.2-4929","metadata":false},{"id":59516,"structure_id":15595,"section_number":"38.2-4930","catch_line":"Investigations and subpoenas","url":"\/38.2-4930\/","token":"38.2\/49\/3\/38.2-4930","metadata":false},{"id":61444,"structure_id":15595,"section_number":"38.2-4931","catch_line":"Cease and desist orders; injunctions","url":"\/38.2-4931\/","token":"38.2\/49\/3\/38.2-4931","metadata":false},{"id":78060,"structure_id":15595,"section_number":"38.2-4932","catch_line":"Penalties","url":"\/38.2-4932\/","token":"38.2\/49\/3\/38.2-4932","metadata":false}],"next_section":{"id":71371,"structure_id":15595,"section_number":"38.2-4925","catch_line":"Financial instability","url":"\/38.2-4925\/","token":"38.2\/49\/3\/38.2-4925","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/38.2-4924\/","history_text":"

This law was first created in 2012. The record of its establishment is cataloged in chapters 208<\/a> and 303<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":83470,"section_number":"38.2-4900","catch_line":"Definitions","order_by":null,"url":"\/38.2-4900\/"},{"id":80315,"section_number":"38.2-4918","catch_line":"Definitions","order_by":null,"url":"\/38.2-4918\/"}],"refers_to":false,"permalink":{"id":217439,"object_type":"law","relational_id":67207,"identifier":"38.2-4924","token":"38.2\/49\/3\/38.2-4924","url":"\/38.2-4924\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/38.2-4924\/","token":"38.2\/49\/3\/38.2-4924","dublin_core":{"Title":"Sale or transfer of ownership or change in management","Type":"Text","Format":"text\/html","Identifier":"\u00a7 38.2-4924","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> No provider and no person<\/span> or entity owning a provider shall sell or transfer, directly or indirectly, more than 50 percent of the ownership of the provider or of a continuing care facility or community-based continuing care without giving the Commission<\/span> written notice of the intended sale or transfer at least 30 days prior to the consummation of the sale or transfer. A series of sales or transfers to one person<\/span> or entity, or one or more entities controlled by one person<\/span> or entity, consummated within a six-month period that constitute, in the aggregate, a sale or transfer of more than 50 percent of the ownership of a provider or of a continuing care facility or community-based continuing care shall be subject to the foregoing notice provisions. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> A provider of community-based continuing care or of a continuing care facility that shall change its chief executive officer, or its management firm if managed under a contract<\/span> with a third party<\/span>, shall promptly notify the Commission<\/span> and the residents or participants of each such change. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSALE OR TRANSFER OF OWNERSHIP OR CHANGE IN MANAGEMENT (\u00a7 38.2-4924)\n\nA. No provider and no person or entity owning a provider shall sell or transfer,\ndirectly or indirectly, more than 50 percent of the ownership of the provider or\nof a continuing care facility or community-based continuing care without giving\nthe Commission written notice of the intended sale or transfer at least 30 days\nprior to the consummation of the sale or transfer. A series of sales or\ntransfers to one person or entity, or one or more entities controlled by one\nperson or entity, consummated within a six-month period that constitute, in the\naggregate, a sale or transfer of more than 50 percent of the ownership of a\nprovider or of a continuing care facility or community-based continuing care\nshall be subject to the foregoing notice provisions.\n\nB. A provider of community-based continuing care or of a continuing care\nfacility that shall change its chief executive officer, or its management firm\nif managed under a contract with a third party, shall promptly notify the\nCommission and the residents or participants of each such change.\n\nHISTORY: 2012, cc. 208, 303.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}