Section 48-1503 – NOTICE TO THE ATTORNEY GENERAL.
48-1503. NOTICE TO THE ATTORNEY GENERAL. (1) Any nonprofit hospital shall be required to provide written notice to the attorney general prior to entering into any nonprofit hospital conversion transaction. (2) In addition to identifying the parties to the nonprofit hospital conversion transaction and the general terms of the transaction, the notice to the attorney […]
Section 48-1504 – ATTORNEY GENERAL REVIEW AND WRITTEN OPINION — TIME PERIODS — EXTENSION — DISTRICT COURT REVIEW.
48-1504. ATTORNEY GENERAL REVIEW AND WRITTEN OPINION — TIME PERIODS — EXTENSION — DISTRICT COURT REVIEW. (1) No nonprofit hospital conversion transaction may close or be consummated until the time periods, as provided in this section, have expired. (2) Within ninety (90) days of receipt of a written notice as required by section 48-1503, Idaho […]
Section 48-1505 – PUBLIC MEETINGS — NOTICE OF TIME AND PLACE.
48-1505. PUBLIC MEETINGS — NOTICE OF TIME AND PLACE. (1) Prior to issuing any written opinion pursuant to section 48-1504, Idaho Code, the attorney general may conduct one (1) or more public meetings, one (1) of which, if held, shall be held in the county where the nonprofit hospital’s assets to be transferred are located. […]
Section 48-1506 – NONPROFIT HOSPITAL CONVERSION TRANSACTION REVIEW ELEMENTS.
48-1506. NONPROFIT HOSPITAL CONVERSION TRANSACTION REVIEW ELEMENTS. In reviewing a proposed nonprofit hospital conversion transaction, the attorney general (and the district court as necessary and applicable), shall consider: (1) Whether the nonprofit hospital will receive fair market value for its charitable trust assets; (2) Whether the fair market value of the nonprofit hospital’s assets to […]
Section 48-1507 – RULES — AUTHORITY TO ADOPT — INFORMATION REQUESTS — CONSEQUENCES OF REFUSAL TO PROVIDE INFORMATION.
48-1507. RULES — AUTHORITY TO ADOPT — INFORMATION REQUESTS — CONSEQUENCES OF REFUSAL TO PROVIDE INFORMATION. (1) The attorney general may adopt such rules, pursuant to chapter 52, title 67, Idaho Code, as the attorney general deems appropriate or necessary to implement this chapter. (2) The attorney general may request that the nonprofit hospital giving […]
Section 48-1508 – CONTRACTS WITH AGENCIES AND CONSULTANTS — REIMBURSEMENT FOR COSTS AND EXPENSES OF REVIEW — FAILURE TO PAY.
48-1508. CONTRACTS WITH AGENCIES AND CONSULTANTS — REIMBURSEMENT FOR COSTS AND EXPENSES OF REVIEW — FAILURE TO PAY. (1) Within the time periods designated in section 48-1504, Idaho Code, the attorney general may do any of the following to assist in the review of the proposed nonprofit hospital conversion transaction described in section 48-1503, Idaho […]
Section 48-1509 – PUBLIC RECORDS.
48-1509. PUBLIC RECORDS. All documents submitted to the attorney general by any person, including nonprofit hospital entities giving notice under section 48-1503, Idaho Code, in connection with the attorney general’s review of the proposed nonprofit hospital conversion transaction pursuant to this chapter shall be deemed records contained in court files of judicial proceedings, as provided […]
Section 48-1510 – PENALTIES — REMEDIES.
48-1510. PENALTIES — REMEDIES. (1) In his discretion, the attorney general may apply to the district court for an order voiding any nonprofit hospital conversion transaction entered into in violation of the notice and disclosure requirements of section 48-1503(1), Idaho Code. Each member of the governing boards and the chief executive officers of the parties […]
Section 48-1511 – PRIVATE BENEFIT.
48-1511. PRIVATE BENEFIT. No person who is an officer, director, board member or other fiduciary of a nonprofit hospital shall receive anything of value, beyond ordinary compensation, that relates to a nonprofit hospital conversion transaction described in this act and is of such a character as to have the appearance of an improper influence on […]
Section 48-1512 – APPLICATION OF ACT.
48-1512. APPLICATION OF ACT. This act applies to all acquisitions, the consummation of which occurs after the effective date of this act. History: [48-1512, added 2000, ch. 314, sec. 1, p. 1059.]