True or False: Inventory must be sent to the Board of Pharmacy when transferring a business.

In Alabama, when a pharmacy transfers ownership or is sold, the Board of Pharmacy does not require the new owner to submit an inventory of the pharmacy's stock to them. While maintaining detailed records and managing inventories is essential for compliance with state and federal regulations, the specific requirement to send a copy of the inventory to the Board upon changing business ownership is not mandated. This helps streamline the transition process for pharmacy ownership without unnecessary bureaucratic requirements. Instead, a comprehensive inventory should be conducted for internal records and for the new owner’s use to ensure accuracy in managing the pharmacy's products.