9. Policy on the Sale of a School or Program—New, 8/1/15
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IAYT accreditation status is not automatically transferable. If the owner of school with an accredited yoga therapy training program enters into an arrangement to sell or merge the school or program with another organization, the current school owner must apply to the AC, on a form provided by the AC, for permission to transfer the program’s IAYT accreditation status to the new owner/entity. The completed form must be submitted to the Accreditation Manager at least 60 days in advance of the sale. The Accreditation Manager contacts the program to acknowledge receipt of the application within 14 days of receipt, and then assigns and forwards the application to the AC for review and decision. The AC will review and discuss the application at its next regularly scheduled monthly meeting. Based on its review and discussion, the AC may either 

  1. Approve the transfer of accreditation status without conditions;

  2. Approve the transfer with conditions;

  3. Request additional information or documentation to be provided to the Accreditation Manager within three (3) months, or

  4. Deny the request for transfer for cause.

When the school submits requested additional information, the Accreditation Manager contacts the program to acknowledge receipt of the application within 14 days of receipt, and then assigns and forwards the application to the AC for review and decision. The AC will review and discuss the application at its next regularly scheduled monthly meeting. Based on its review and discussion, the AC may either

  1. Approve the transfer without conditions;

  2. Approve the transfer with conditions;

  3. Request additional information or documentation to be provided to the Accreditation Manager within three (3) months; or

  4. Deny the request for transfer for cause. 
If the school does not submit an application to request transfer of its accreditation status or does not submit requested additional information, its accreditation status will lapse upon transfer of ownership.