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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