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Michigan Legislature
Michigan Compiled Laws Complete Through PA 6 of 2015
House: Adjourned until Tuesday, April 14, 2015 1:30:00 PM
Senate: Adjourned until Tuesday, April 14, 2015 10:00:00 AM

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Section 550.1218

THE NONPROFIT HEALTH CARE CORPORATION REFORM ACT (EXCERPT)
Act 350 of 1980


550.1218 Health care corporation; prohibited actions.

Sec. 218.

A health care corporation shall not do any of the following:

(a) Take any action to change its nonprofit status.

(b) Except as otherwise provided in section 220, dissolve, merge, consolidate, mutualize, or take any other action that results in a change in direct or indirect control of the health care corporation or sell, transfer, lease, exchange, option, or convey assets that results in a change in direct or indirect control of the health care corporation.


History: Add. 2002, Act 559, Imd. Eff. Sept. 27, 2002 ;-- Am. 2013, Act 4, Imd. Eff. Mar. 18, 2013
Popular Name: Blue Cross-Blue Shield
Popular Name: Act 350


© 2009 Legislative Council, State of Michigan