California Statutes

§ 5914. — 5914. (Amended by Stats. 2017, Ch. 782, Sec. 1.)

California·Code CORP Corporations Code - CORP·Div. 2.·Title 1. DIVISION 2. NONPROFIT CORPORATION LAW·Part 2. PART 2. NONPROFIT PUBLIC BENEFIT CORPORATIONS·Ch. 9. CHAPTER 9. Sales of Assets·Art. 2. ARTICLE 2. Health Facilities
(a)
(1)Any nonprofit corporation that is defined in Section 5046 and operates or controls a health facility, as defined in Section 1250 of the Health and Safety Code, or operates or controls a facility that provides similar health care, regardless of whether it is currently operating or providing health care services or has a suspended license, shall be required to provide written notice to, and to obtain the written consent of, the Attorney General prior to entering into any agreement or transaction to do either of the following:
(A)Sell, transfer, lease, exchange, option, convey, or otherwise dispose of, its assets to a for-profit corporation or entity or to a mutual benefit corporation or entity when a material amount of the assets of the nonprofit corporation are involved in th

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California § 5914. (5914. (Amended by Stats. 2017, Ch. 782, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Related

In re Gardens Regional Hospital & Medical Center, Inc.
567 B.R. 820 (C.D. California, 2017)
7 case citations
Prime Healthcare Services, Inc. v. Harris
216 F. Supp. 3d 1096 (S.D. California, 2016)
6 case citations
In re Verity Health Sys. of Cal., Inc.
598 B.R. 283 (C.D. California, 2018)
1 case citations

Legislative History

Amended by Stats. 2017, Ch. 782, Sec. 1. (AB 651) Effective January 1, 2018.
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