Notwithstanding any other law, on or before October 1, 2021, the nonprofit public benefit corporation known as the Health Professions Education Foundation shall be dissolved. All assets, including records, and any liabilities shall be transferred to the department.

(Added by Stats. 2021, Ch. 143, Sec. 163. (AB 133) Effective July 27, 2021.)

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Terms Used In California Health and Safety Code 128337

  • 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.
  • Department: means the Department of Health Care Access and Information. See California Health and Safety Code 128330
  • Foundation: means the Health Professions Education Foundation. See California Health and Safety Code 128330
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.