HOUSE BILL 287

File Code: Corporations and Associations

Sponsored By:

Delegates Goldwater and Barve

Entitled:

Office of the Attorney General - Approval of Conversions of Nonprofit Corporations to For-Profit Stock Corporations and Mutual Corporations

Synopsis:

Requiring specified nonprofit corporations to obtain approval from the Office of the Attorney General prior to entering into an agreement, contract, or transaction to form a for-profit stock corporation or entity or mutual corporation or entity; specifying the provisions that must be satisfied for the Office to approve the agreement, contract, or transaction; requiring the Office to make a determination on the agreement, contract, or transaction within a specified time; etc.

Legislative History

House Action

1/20

First Reading Economic Matters

2/12

Hearing 3/4 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Marilyn R. Goldwater, District 16

Delegate Kumar P. Barve, District 17

Bill indexed under the following Subjects:

ATTORNEY GENERAL

CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

CORPORATIONS -see also- MERGERS

HEALTH INSURANCE -see also- HMO; MANAGED CARE ORGANIZATIONS.

HEALTH MAINTENANCE ORGANIZATIONS

HEARINGS

HOSPITALS -see also- CLINICS; STATE HOSPITALS

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

JUDICIAL REVIEW

NONPROFIT ORGANIZATIONS

Bill affects the following Statutes:

Health - General

( 19-123 , 19-711.1 )

Insurance

( 14-131 , 14-132 )

State Government

( 6-201 , 6-202 , 6-203 , 6-204 , 6-205 , 6-206 , 6-207 , 6-208 , 6-209 , 6-210 , 6-211 , 6-212 , 6-213 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)