2006 Kentucky Revised Statutes - .210   Application of Subtitle 2 to nonprofit hospital, medical-surgical, dental, and health service corporations.

304.32-210 Application of Subtitle 2 to nonprofit hospital, medical-surgical, dental, and health service corporations. (1) Nonprofit hospital, medical-surgical, dental, and health service corporations shall be subject to the provisions of KRS 304.2-210, 304.2-220, 304.2-230, 304.2-240, 304.2-250, 304.2-260, 304.2-270, 304.2-280, 304.2-290, 304.2-300, and Subtitle 2 of this chapter for determining financial condition, market conduct, and business practice. (2) Each corporation subject to the provisions of this subtitle may own and invest or have invested any of its funds in its principal office building not to exceed an amount which would reduce its surplus, exclusive of the investment, below $50,000, unless approved by the executive director. Effective: July 13, 2004 History:Amended 2004 Ky. Acts ch. 24, sec. 39, effective July 13, 2004. -- Amended 1976 Ky. Acts ch. 138, sec. 1, effective June 19, 1976. -- Created 1970 Ky. Acts ch. 301, subtit. 32, sec. 21, effective June 18, 1970. Legislative Research Commission Note (6/20/2005). 2005 Ky. Acts chs. 11, 85, 95, 97, 98, 99, 123, and 181 instruct the Reviser of Statutes to correct statutory references to agencies and officers whose names have been changed in 2005 legislation confirming the reorganization of the executive branch. Such a correction has been made in this section.