Utah Code 31A-7-104. General corporate powers and procedures
Current as of: 2023 | Check for updates
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(1) | Corporations organized or operating under this chapter have the powers specified under Section 31A-5-104. |
(i) | a corporation doing business:
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(ii) | a noninsurer that is part of a holding company system under Chapter 16, Insurance Holding Companies. See Utah Code 31A-1-301 |
(2) | Subject to the limitations upon subsidiary investment valuation otherwise stated under this title, corporations organized or operating under this chapter may invest in corporations organized for profit. |
(3) | Corporations subject to the provisions of this chapter may enter into contracts for the rendering of hospital services, medical-surgical services, and other health services on behalf of any of their subscribers with hospitals maintained by the state, or by any of its political subdivisions, or maintained by a nonprofit corporation organized for hospital purposes, or with other corporations, associations, partnerships, or individuals furnishing hospital services, medical-surgical services, or other health services. This chapter does not require any corporation to contract or remain under contract with any individual, hospital, physician, or other provider of health services. |
Amended by Chapter 91, 1987 General Session