Arizona § 11-1435 Power to perform operating agreement

Arizona Statutes

§ 11-1435 — Power to perform operating agreement

Arizona § 11-1435

Title 11Arizona Revised Statutes

Ch. 10COMMUNITY HEALTH SYSTEM

Art. 2Operation

This text of Arizona § 11-1435 (Power to perform operating agreement) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 11-1435 (2026).

Text

A.The board of directors of the nonprofit corporation has all of the powers that are necessary to perform or comply with the obligations of the board of supervisors or the sponsoring county under an operating agreement under this chapter.

B.The operating agreement, and all amendments, renewals or extensions, are exempt from the requirements of section 11-251, paragraphs 9, 18 and 58 and sections 11-256, 11-256.01, 11-256.03 and 11-291.

C.For the purposes of any covenant, condition or restriction that may apply to any real property or health system assets that are leased or transferred to a nonprofit corporation under a lease agreement, the real property and health system assets:

1.Shall be used in a manner that is consistent and complies with the applicable covenants, conditions and

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A. The board of directors of the nonprofit corporation has all of the powers that are necessary to perform or comply with the obligations of the board of supervisors or the sponsoring county under an operating agreement under this chapter.

B. The operating agreement, and all amendments, renewals or extensions, are exempt from the requirements of section 11-251, paragraphs 9, 18 and 58 and sections 11-256, 11-256.01, 11-256.03 and 11-291.

C. For the purposes of any covenant, condition or restriction that may apply to any real property or health system assets that are leased or transferred to a nonprofit corporation under a lease agreement, the real property and health system assets:

1. Shall be used in a manner that is consistent and complies with the applicable covenants, conditions and restrictions.

2. Are presumed to be used for county hospital purposes consistent with deed restrictions attached to the land that was conveyed to the county.