Tennessee § 52-2-1101 Employees and officers - Interest in facility - Disclosure

Tennessee Statutes

§ 52-2-1101 — Employees and officers - Interest in facility - Disclosure

A person shall disclose an ownership interest to the department or licensee, and shall not serve in a capacity of decision making or influence or responsibility for the direct referral or placement of persons to any residential facility that provides intellectual or developmental disabilities services or supports, if:

(1)(A) The person is an officer or employee of the department; or (B) The person is an officer or employee of a licensee of the department; and (2) (A) The person or the person's spouse, parent, grandparent, brother, sister, or child has an ownership interest in a residential facility that is not publicly held or an ownership interest in a business that is not publicly held that owns or manages a residential facility that provides intellectual or developmental disabilities s

Free access — add to your briefcase to read the full text and ask questions with AI

A person shall disclose an ownership interest to the department or licensee, and shall not serve in a capacity of decision making or influence or responsibility for the direct referral or placement of persons to any residential facility that provides intellectual or developmental disabilities services or supports, if: (1) (A) The person is an officer or employee of the department; or (B) The person is an officer or employee of a licensee of the department; and (2) (A) The person or the person's spouse, parent, grandparent, brother, sister, or child has an ownership interest in a residential facility that is not publicly held or an ownership interest in a business that is not publicly held that owns or manages a residential facility that provides intellectual or developmental disabilities services or supports; (B) The person or combination of persons named in subdivision (2)(A) has an ownership interest of at least thirty-five percent (35%) in a residential facility that is publicly held that provides intellectual or developmental disability services; or (C) The person or combination of persons named in subdivision (2)(A), has an ownership interest of at least thirty-five percent (35%) in a business that is publicly held that owns or manages a residential facility that provides intellectual or developmental disability services.

Tennessee § 52-2-1101 (Employees and officers - Interest in facility - Disclosure) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.