Connecticut § 38a-187 (Formerly Sec. 33-179o). Investments. Use of ancillary equipment and facilities.

Connecticut Statutes

§ 38a-187 — (Formerly Sec. 33-179o). Investments. Use of ancillary equipment and facilities.

Connecticut § 38a-187

Title 38aInsurance

Ch. 698aHealth Care and Related Service Groups

This text of Connecticut § 38a-187 ((Formerly Sec. 33-179o). Investments. Use of ancillary equipment and facilities.) is published on Counsel Stack Legal Research, covering Connecticut primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Conn. Gen. Stat. § 38a-187 (2026).

Text

A health care center governed by sections 38a-175 to 38a-194, inclusive, may purchase, lease, construct, renovate, operate and maintain medical facilities and equipment ancillary to such facilities and such other property as may be reasonably required for its principal office and for such purposes as may be necessary in the transaction of the business of the health care center, and may otherwise invest in other securities permitted by the general statutes for the investment of trust funds, and in such other securities alone.

Free access — add to your briefcase to read the full text and ask questions with AI

A health care center governed by sections 38a-175 to 38a-194, inclusive, may purchase, lease, construct, renovate, operate and maintain medical facilities and equipment ancillary to such facilities and such other property as may be reasonably required for its principal office and for such purposes as may be necessary in the transaction of the business of the health care center, and may otherwise invest in other securities permitted by the general statutes for the investment of trust funds, and in such other securities alone.

Legislative History

(1971, P.A. 445, S. 15; P.A. 90-68, S. 10, 16; P.A. 17-198, S. 25.) History: P.A. 90-68 allowed the health care centers to purchase, lease, construct, renovate, operate or maintain ancillary equipment or facilities necessary to their operation, replacing provision prohibiting investments in real estate mortgages; Sec. 33-179o transferred to Sec. 38a-187 in 1991; P.A. 17-198 replaced reference to Sec. 38a-192 with reference to Sec. 38a-194, effective July 1, 2017.