North Carolina General Statutes 131E-14. Lease or sale of hospital facilities to certain nonprofit corporations
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Terms Used In North Carolina General Statutes 131E-14
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
If a municipality or hospital authority leases, sells, or conveys a hospital facility, or part, to a nonprofit corporation of which a majority of voting members of its governing body is not appointed or controlled by the municipality or hospital authority, the procedural requirements set forth in N.C. Gen. Stat. § 131E-13(d) shall apply. (1983 (Reg. Sess., 1984), c. 1066, s. 2.)