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Arizona Revised Statutes Title 11. Counties § 11-1435. Power to perform operating agreement

Current as of January 01, 2025 | Updated by Findlaw Staff

A. The board of directors of the nonprofit corporation has all of the powers that are necessary to perform or comply with the obligations of the board of supervisors or the sponsoring county under an operating agreement under this chapter.

B. The operating agreement, and all amendments, renewals or extensions, are exempt from the requirements of § 11-251, paragraphs 9, 18 and 58 and §§ 11-256, 11-256.01, 11-256.03 and 11-291.

C. For the purposes of any covenant, condition or restriction that may apply to any real property or health system assets that are leased or transferred to a nonprofit corporation under a lease agreement, the real property and health system assets:

1. Shall be used in a manner that is consistent and complies with the applicable covenants, conditions and restrictions.

2. Are presumed to be used for county hospital purposes consistent with deed restrictions attached to the land that was conveyed to the county.

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Cite this article: FindLaw.com - Arizona Revised Statutes Title 11. Counties § 11-1435. Power to perform operating agreement - last updated January 01, 2025 | https://codes.findlaw.com/az/title-11-counties/az-rev-st-sect-11-1435/

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