What change in ownership requires an assignment of the funeral establishment license?

• A. A single or series of transactions of more than 20% of equitable interest
• B. A single or series of transactions of more than 30% of equitable interest
• C. A single or series of transactions of more than 40% of equitable interest
• D. A single or series of transactions of more than 50% of equitable interest

Answer: (D)

The key idea is control over the funeral establishment. The license is issued to the person or entity that will have operative control and responsibility for compliance with licensing laws. When ownership changes hands in a way that the new owner gains majority control—more than 50% of the equitable interest—that change represents a new party taking over who must meet all licensure qualifications and responsibilities. Because of that, the license must be assigned to reflect the new controlling owner. If the transfer is 50% or less, control may not shift to a new majority owner, so a full license assignment isn’t triggered by that rule. In short, only a change in ownership that results in more than half of the equity interest being held by the new owner requires an assignment of the funeral establishment license.