Bill Summary for H 346 (2023-2024)
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Summary date:
Apr 27 2023
Bill Information:
View NCGA Bill Details | 2023-2024 Session |
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).