Health care corporation; prohibited actions.

Sec. 218. A health care corporation shall not do any of the following: (a) Take any action to change its nonprofit status. (b) Except as otherwise provided in section 220, dissolve, merge, consolidate, mutualize, or take any other action that results in a change in direct or indirect control of the health care corporation or sell, transfer, lease, exchange, option, or convey assets that results in a change in direct or indirect control of the health care corporation. History: Add. 2002, Act 559, Imd. Eff. Sept. 27, 2002; Am. 2013, Act 4, Imd. Eff. Mar. 18, 2013