2010 Tennessee Code
Title 48 - Corporations And Associations
Chapter 68 - Transition Provisions
Part 2 - Public Benefit Hospital Sales and Conveyance Act of 2006
48-68-202 - Part definitions.
48-68-202. Part definitions.
As used in this part, unless the context otherwise requires:
(1) Acquiring entity means the person who gains ownership or control of a public benefit hospital entity as a result of a public benefit hospital conveyance transaction;
(2) Person means any individual, partnership, trust, estate, corporation, association, joint venture, joint stock company or other organization;
(3) Public benefit hospital conveyance transaction means:
(A) The sale, transfer, lease, exchange, optioning, conveyance or other disposition of a material amount of the assets or operations of any public benefit hospital to another entity or person; and
(B) The transfer of control or governance of a material amount of the assets or operations of a public benefit hospital entity to another entity or person; and
(4) Public benefit hospital entity means any public benefit corporation, as defined in title 48, chapter 51, part 2, or any governmental entity that is licensed as a hospital under title 68, chapter 11, part 2, or considered a hospital under title 33, chapter 1, including entities affiliated with any of these through ownership, governance, or membership, such as a holding company or subsidiary.
[Acts 2006, ch. 930, § 3.]
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