Indiana Code 16-18-2-252. “Nonprofit hospital corporation”
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Sec. 252. “Nonprofit hospital corporation” means a corporation that:
(2) is authorized by the corporation’s charter to and does own and operate a hospital;
(1) is organized and doing business under IC 23-17;
Terms Used In Indiana Code 16-18-2-252
- 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.
(3) is licensed under IC 16-21; and
(4) operates the hospital as a charitable or benevolent institution making the hospital’s services available to persons unable to pay to the extent of the hospital’s financial ability to do so.
[Pre-1993 Recodification Citation: 16-12-22-1(a).]
As added by P.L.2-1993, SEC.1.