Indiana Code 16-23.5-4-9. Management and operation of hospital; nonprofit corporations
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Terms Used In Indiana Code 16-23.5-4-9
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Sec. 9. An Indiana public interest nonprofit corporation to which the board of trustees, with the approval of the governor, delegates authority to manage and operate the hospital is not subject to an audit by the state board of accounts, notwithstanding IC 5-11-1-9. However, Indiana University is subject to an audit by the state board of accounts.
[Pre-2007 Higher Education Recodification Citation: 20-12-31.5-6.]
As added by P.L.2-2007, SEC.191.