Okla. Stat. tit. 59, § 59-2008
This is the official text of Okla. Stat. tit. 59, § 59-2008, part of Oklahoma’s Stat. tit. 59, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 59,." Browse the sections below, each linked to its official government source.
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Change in ownership - Bond or letter of credit
Official statutory text
For purposes of the Oklahoma Health Spa Act, a health spa shall
be considered a new health spa and subject to the requirements of a
bond or letter of credit at the time the health spa changes
ownership. A change in ownership shall not release, cancel or
terminate liability under any bond or letter of credit previously
filed unless the Administrator agrees in writing to such release,
cancellation or termination because the new owner has filed a new
bond or letter of credit for the benefit of the previous owner's
members or because the former owner has refunded all unearned
payments to its members.
be considered a new health spa and subject to the requirements of a
bond or letter of credit at the time the health spa changes
ownership. A change in ownership shall not release, cancel or
terminate liability under any bond or letter of credit previously
filed unless the Administrator agrees in writing to such release,
cancellation or termination because the new owner has filed a new
bond or letter of credit for the benefit of the previous owner's
members or because the former owner has refunded all unearned
payments to its members.
Status: in_force · Read it on the official government site
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