Ga. Code Ann. § 33-20-34. Conversion of nonprofit health care corporation; requirements and procedures; rules and regulations: Health Care Plan Act – Georgia
Status: EnactedYear Enacted: 1995
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In order for a non-profit healthcare corporation to convert into a for-profit entity, they must submit a plan to the Commissioner of such conversion, who will approve the change in structure if it is in the “best interest of the company, its policyholders, and the general public.” For definitions, see section 33-20-3.
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