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Current as of January 01, 2024 | Updated by Findlaw Staff
For purposes of the Nonprofit Hospital Sale Act:
(1) Department means the Department of Health and Human Services;
(2) Hospital has the meaning found in section 71-419;
(3) Acquisition means any acquisition by a person or persons of an ownership or controlling interest in a hospital, whether by purchase, merger, lease, gift, or otherwise, which results in a change of ownership or control of twenty percent or greater or which results in the acquiring person or persons holding a fifty percent or greater interest in the ownership or control of a hospital, but acquisition does not include the acquisition of an ownership or controlling interest in a hospital owned by a nonprofit corporation if the transferee (a) is a nonprofit corporation having a substantially similar charitable health care purpose as the transferor or is a governmental entity, (b) is exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code or as a governmental entity, and (c) will maintain representation from the affected community on the local board; and
(4) Person has the meaning found in section 71-5803.12.
Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 71. Public Health and Welfare § 71-20,103. Terms, defined - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-71-public-health-and-welfare/ne-rev-st-sect-71-20-103/
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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