California Health and Safety Code 101860 – If any state agency, including a constitutional corporation, …
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If any state agency, including a constitutional corporation, transfers to a private corporation assets for the operation of a hospital by that corporation and the value of the assets is not less than fifty million dollars ($50,000,000), the corporation shall be subject to the provisions of this chapter.
(Added by Stats. 1997, Ch. 927, Sec. 2. Effective January 1, 1998.)
Terms Used In California Health and Safety Code 101860
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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.
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23