Laserfiche WebLink
How to calculate ownership percentages: <br />(a) lndirect ownership interest. The amount of indirect ownership interest is determined by multiplying the <br />percentages of ownership in each entity. For example, if A owns 10 percent of the stock in a corporation that <br />owns 80 percent of the stock of the disclosing entity, A's interest equates to an 8 percent indirect ownership <br />interest in the disclosing entity and must be reported. Conversely, if B owns 80 percent of the stock of a <br />corporation that owns 5 percent of the stock of the disclosing entity, B's interest equates to a 4 percent indirect <br />ownership interest in the disclosing entity and need not be reported. <br />(b) Person with an ownership or control interest. ln order to determine percentage of ownership, mortgage, deed <br />of trust, note, or other obligation, the percentage of interest owned in the obligation is multiplied by the <br />percentage of the disclosing entity's assets used to secure the obligation. For example, if A owns 10 percent of a <br />note secured by 60 percent of the provider's assets, A's interest in the provider's assets equates to 6 percent <br />and must be reported. Conversely, if B owns 40 percent of a note secured by 10 percent of the provider's assets, <br />B's interest in the provider's assets equates to 4 percent and need not be reported. <br />Code of Federal Regulations (CFR) is the codification of the general and permanent rules published in the <br />Federal Register by the departments and agencies of the Federal Government. These regulations can be found <br />at: http:l/www. gpo. gov/fdsvslbrowse/collectionCfr. action?collectionCode=CFR <br />Washington Administrative Code (WAC) is the regulations of executive branch agencies issued by authority of <br />statutes. <br />Like legislation and the Constitution, regulations are a source of primary law in Washington State. The WAC <br />codifies the regulations and arranges them by subject or agency. These regulations can be found at: <br />http://apps. leq.wa. qov/wac/defau lt. aspx <br />DSHS 27-094 (REV. 02/2017)Page 8