Texas Health and Safety Code 534.156 – Conditions for Certain Contracts
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Terms Used In Texas Health and Safety Code 534.156
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Contract: A legal written agreement that becomes binding when signed.
A contract between each appropriate department and a health maintenance organization formed by one or more community centers must provide that the health maintenance organization may not form a for-profit entity unless the organization transfers all of the organization’s assets to the control of the boards of trustees of the community centers that formed the organization.