Bill Summary for H 346 (2023-2024)

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Summary date: 

Apr 27 2023

Bill Information:

View NCGA Bill Details2023-2024 Session
House Bill 346 (Public) Filed Thursday, March 9, 2023
AN ACT TO ESTABLISH A PROCEDURE FOR A HOSPITAL SERVICE CORPORATION TO REORGANIZE BY CREATING A NONPROFIT HOLDING CORPORATION.
Intro. by Bradford, Setzer, Reives, Bell.

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Bill summary

House committee substitute to the 3rd edition makes the following change. Amends new GS 58-65-183(b)(3) (operation of nonprofit holding corporation and subsidiaries) by limiting the dividends or distributions may make or direct to make to only the nonprofit holding corporation (was, nonprofit holding corporation and its member).