40 Pa.C.S. § 6127

Dissolution or liquidation.

Last amended: 1972Year: 2026Length: 236 wordsOfficial source
No hospital plan corporation shall be dissolved under the provisions of Title 15 (relating to corporations and unincorporated associations) or under any other provision of law except with the prior approval of the department. Articles of dissolution for a hospital plan corporation filed in the Department of State, whether pursuant to a decree of court liquidating the corporation or otherwise, shall not be effective unless and until approved by the Insurance Department. Any dissolution or liquidation of a hospital plan corporation shall be under the supervision of the department, which shall have all powers with respect thereto granted to it under laws of this Commonwealth governing the dissolution or liquidation of insurance companies. CHAPTER 63 PROFESSIONAL HEALTH SERVICES PLAN CORPORATIONS Subchapter A. Preliminary Provisions and Certification B. Regulation Generally Enactment. Chapter 63 was added November 15, 1972, P.L.1063, No.271, effective in 90 days. 2022 Partial Repeal. Section 11(2)(iv) of Act 146 of 2022 provided that Chapter 63 is repealed insofar as it is inconsistent with Act 146. Cross References. Chapter 63 is referred to in sections 3802, 3902, 4001, 4302, 4502, 4802, 4901, 5002, 5101, 9103 of this title; section 4117 of Title 18 (Crimes and Offenses); sections 4304.1, 4326 of Title 23 (Domestic Relations); sections 3302, 3303 of Title 35 (Health and Safety); section 6160 of Title 42 (Judiciary and Judicial Procedure); section 7309 of Title 51 (Military Affairs); section 1719 of Title 75 (Vehicles).
40 Pa.C.S. § 6127: Dissolution or liquidation. | Justis AI