Montana § 50-4-719 For-Profit Health Entity

Montana Statutes

§ 50-4-719 — For-Profit Health Entity

Montana § 50-4-719

Title 50HEALTH AND SAFETY

Ch. 4HEALTH CARE POLICY

Part 7Conversion of Nonprofit Health Entity to For-Profit or Mutual Benefit Corporation

This text of Montana § 50-4-719 (For-Profit Health Entity) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 50-4-719 (2026).

Text

50-4-719 . For-profit health entity.

(1)A corporation that becomes a for-profit health entity under this part may not be considered to have abandoned its corporate status by virtue of a conversion transaction unless the conversion transaction provides specifically to the contrary.

(2)The certificate of authority, agent appointments, licenses, forms, and any other filings in existence at the time of a conversion transaction continue in full force and effect upon a conversion transaction if a corporation at all times remains qualified to engage in business in the state.

(3)All outstanding contracts of a transferor remain in full force and effect and need not be otherwise endorsed unless ordered by the commissioner.

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50-4-719 . For-profit health entity. (1) A corporation that becomes a for-profit health entity under this part may not be considered to have abandoned its corporate status by virtue of a conversion transaction unless the conversion transaction provides specifically to the contrary.
(2) The certificate of authority, agent appointments, licenses, forms, and any other filings in existence at the time of a conversion transaction continue in full force and effect upon a conversion transaction if a corporation at all times remains qualified to engage in business in the state.
(3) All outstanding contracts of a transferor remain in full force and effect and need not be otherwise endorsed unless ordered by the commissioner.