Indiana Code 16-23-7-1. Application of chapter
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Sec. 1. This chapter applies to a nonprofit hospital corporation:
(A) more than one hundred ten thousand (110,000) and less than one hundred fifty thousand (150,000); or
(1) in a city having a population of:
Terms Used In Indiana Code 16-23-7-1
- 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.
- Population: has the meaning set forth in Indiana Code 1-1-4-5
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(B) more than one hundred thousand (100,000) and less than one hundred ten thousand (110,000);
(2) in a city without a city hospital or other means for furnishing the city’s citizens hospital care; and
(3) that owns property in the city that:
(A) is used for hospital purposes; and
(B) has a value of at least four hundred thousand dollars ($400,000).
[Pre-1993 Recodification Citations: 16-12.2-6-1; 16-12.2-6-3 part.]
As added by P.L.2-1993, SEC.6. Amended by P.L.170-2002, SEC.105; P.L.119-2012, SEC.136; P.L.104-2022, SEC.111.