Kansas Statutes 40-4703. Same; health partnership; organization
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 40-4703
- 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.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(a) The health partnership selected by the health committee shall:
(1) Be a domestic not-for-profit corporation; and
(2) have a board of directors which includes among its members at least one director who is a small employer and at least one director who is an employee.
(3) No director shall have any interest in any business which sells health insurance or which provides or delivers any health care services.
(b) Operate the Kansas business health partnership.