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<section article="ghu" article_name="Human Services" number="10-437" title_number="10" title_name="Department of Aging" subtitle_number="4" subtitle_name="Continuing Care">
  <level label="a">
    <text>A provider subject to § 10-436(b)(1) of this subtitle shall:</text>
    <level label="1">
      <text>at least 60 days before the sale, transfer, or other disposition, file with the Department a statement of intent to sell, transfer, or otherwise dispose of assets; and</text>
    </level>
    <level label="2">
      <text>at least 30 days before the sale, transfer, or other disposition, give written notice to the Department of the proposed sale, transfer, or other disposition of assets.</text>
    </level>
  </level>
  <level label="b">
    <text>The statement of intent required to be filed with the Department under subsection (a)(1) of this section shall include:</text>
    <level label="1">
      <text>identification of each asset to be sold, transferred, or otherwise disposed of;</text>
    </level>
    <level label="2">
      <text>if the provider is subject to § 10-436(b)(1) of this subtitle because of a series of sales, transfers, or other dispositions that have exceeded cumulatively 10% of its total assets, identification of each asset that has been sold, transferred, or disposed of; and</text>
    </level>
    <level label="3">
      <text>the reason for the sale, transfer, or other disposition identified in item (1) of this subsection.</text>
    </level>
  </level>
  <level label="c">
    <text>The notice to the Department required under subsection (a)(2) of this section shall include:</text>
    <level label="1">
      <text>a statement that demonstrates that the proposed sale, transfer, or other disposition is not likely to have an unreasonably adverse effect on:</text>
      <level label="i">
        <text>the financial stability of the provider; or</text>
      </level>
      <level label="ii">
        <text>the capacity of the provider to perform its obligations under its continuing care agreements; and</text>
      </level>
    </level>
    <level label="2">
      <text>any other information that the Department requires.</text>
    </level>
  </level>
</section>
