Arizona Laws 11-1406. Conflicts of interest
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Section 38-511 does not apply to this chapter, the nonprofit corporation or an operating agreement entered into under this chapter unless a person who was directly responsible for reaching a settlement of terms or making a recommendation for action to the board of supervisors with respect to the agreement, or who was a member of the board of supervisors at the time of any action by the board of supervisors to approve the establishment of the nonprofit corporation or enter into or modify the operating agreement, is an employee or agent of the nonprofit corporation in any capacity or a consultant to the corporation with respect to the subject matter of the operating agreement.
Terms Used In Arizona Laws 11-1406
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- agreement: means an agreement between the sponsoring county and a nonprofit corporation under this chapter for the corporation to assume the health care responsibilities previously performed by the county, including all arrangements and understandings, including a lease agreement, between the county and corporation. See Arizona Laws 11-1401
- board: means the board of directors of a nonprofit corporation that operates a community health system pursuant to this chapter. See Arizona Laws 11-1401
- Board of supervisors: means the board of supervisors of the sponsoring county. See Arizona Laws 11-1401
- 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.
- corporation: means a nonprofit corporation that is organized under title 10 and that is qualified or will qualify under section 501(c)(3) of the internal revenue code. See Arizona Laws 11-1401
- Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.