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2017 District of Columbia Code
Title 31 - Insurance and Securities.
Chapter 31D - Health Benefit Exchange.
§ 31–3171.15. Dissolution of the Authority.
Universal Citation: DC Code § 31–3171.15 (2017)
Upon dissolution, liquidation, or other termination of the Authority:
(1) All rights and properties of the Authority shall pass to and be vested in the District, subject to the rights of lien holders and other creditors;
(2) Any net earnings of the Authority, beyond that necessary for retirement of any indebtedness or to implement a public purpose or program of the District authorized under this chapter, shall not inure to the benefit of any person other than the District;
(3) The expenditure of any net earnings shall be restricted to costs related to the direct delivery of health care to residents of the District.
(Mar. 2, 2012, D.C. Law 19-94, § 16, 59 DCR 213.)
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