Indiana Code 16-24-2-16. Nonprofit hospitals; county aid
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Sec. 16. Whenever an association is incorporated under Indiana law as a nonprofit corporation, for the purpose of constructing, operating, and maintaining a hospital to treat and care for persons with tuberculosis or other diseases, the county executive of the county in which the hospital is located may:
(2) give financial aid to:
(1) lease or convey the hospital of the county to the corporation; and
Terms Used In Indiana Code 16-24-2-16
- 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.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
(A) maintain and operate the hospital; and
(B) pay for the treatment of county residents.
[Pre-1993 Recodification Citation: 16-11-6-16.]
As added by P.L.2-1993, SEC.7.