When closing business activities, a registrant shall: Dispose of all controlled dangerous substances in accordance with Regulation .16 of this chapter; and Return the controlled substances registration certificate to the Office of Controlled Substances Administration inspector at the time of the closing inspection. Change of Ownership. A Change of Ownership requires the registrant to notify the Department in writing, Attention to the Office of Controlled Substances Administration. The written notification shall be submitted: In person; By registered mail; or By certified mail with a return receipt request. The written notification must be received 14 days before the transfer occurs. The Secretary has the authority to waive the 14-day time limitation in individual instances. The written notification shall contain the following information: The name; The address; The registration number; and The authorized business activity of the: Registrant-transferor discontinuing the business; and Registrant-transferee acquiring the business; Whether the business activities will be: Continued at the location registered by the person discontinuing business; or Moved to another location and, if so, the address of the new location; and The date on which the transfer of controlled substances will occur. Except for transfer denials by the Secretary, the registrant-transferor may distribute, without being registered to distribute, controlled substances in the registrant-transferor’s possession to the registrant-transferee in accordance with the following procedures, on the date of transfer of the controlled substances: A complete inventory of all controlled substances being transferred shall be taken and serve as the final inventory of the registrant-transferor and the initial inventory of the registrant-transferee; A copy of the inventory shall be included in the records of both the transferor and transferee; A copy of the inventory shall be filed with the Department if requested by the Secretary; Transfers of Schedule I or II controlled substances shall require the use of order forms in accordance with 21 CFR §1305; All transferor-controlled substance records shall be transferred to the transferee; and Pursuant to 21 CFR §1304, transferors are required to make reports, which shall be marked as “Final”.