Montana Statutes
§ 50-4-719 — For-Profit Health Entity
Montana·Title 50 HEALTH AND SAFETY·Ch. 4 HEALTH CARE POLICY·Part 7 Conversion of Nonprofit Health Entity to For-Profit or Mutual Benefit Corporation
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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Legislative History
En. Sec. 17, Ch. 214, L. 2005.
Nearby Sections
15
§ 50-4-1001
Short Title§ 50-4-1002
Purpose§ 50-4-1003
Definitions§ 50-4-1004
Prohibitions§ 50-4-1005
Repealed§ 50-4-1006
Prohibited Insurance Coverage§ 50-4-101
Repealed§ 50-4-102
Repealed§ 50-4-103
Terminated§ 50-4-104
State Health Care Policy§ 50-4-106
Definitions§ 50-4-108
Disclosure Required§ 50-4-109
Interference Prohibited