§ 70.45.010 Legislative findings
§ 70.45.020 Definitions
§ 70.45.030 Department approval required — Application — Fees
§ 70.45.040 Applications — Deficiencies — Public notice
§ 70.45.050 Public hearings
§ 70.45.060 Attorney general review and opinion — Department review and decision — Adjudicative proceedings
§ 70.45.070 Department review — Criteria to safeguard charitable assets
§ 70.45.080 Department review — Criteria for continued existence of accessible, affordable health care
§ 70.45.090 Approval of acquisition required — Injunctions
§ 70.45.100 Compliance — Department authority — Hearings — Revocation or suspension of hospital license — Referral to attorney general for action
§ 70.45.110 Authority of attorney general to ensure compliance
§ 70.45.120 Acquisitions completed before July 27, 1997, not subject to this chapter
§ 70.45.130 Common law and statutory authority of attorney general
§ 70.45.140 Rule-making and contracting authority
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Terms Used In Washington Code > Chapter 70.45 - Acquisition of nonprofit hospitals

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • 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.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Fiduciary: A trustee, executor, or administrator.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • 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
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • person: may be construed to include the United States, this state, or any state or territory, or any public or private corporation or limited liability company, as well as an individual. See Washington Code 1.16.080
  • Subpoena: A command to a witness to appear and give testimony.