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Current as of January 02, 2024 | Updated by Findlaw Staff
Sec. 1.5. (a) As used in this chapter, “merger” means any change of ownership, including:
(1) an acquisition or transfer of assets; or
(2) the purchase of stock effectuated by a merger agreement.
(b) As used in this chapter, “merger agreement” means an agreement between two (2) or more hospitals for the consolidation by merger or other acquisition or transfer of assets by which ownership or control over substantially all of the stock, assets, or activities of one (1) or more previously licensed and operating hospitals is placed under the control of another licensed hospital or other entity that controls hospitals.
Cite this article: FindLaw.com - Indiana Code Title 16. Health § 16-21-15-1.5 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-16-health/in-code-sect-16-21-15-1-5/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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