Ariz. Rev. Stat. § 20-1075. Transactions With Affiliates: Health Care Service Organizations – Arizona

Status: Enacted
Year Enacted: 1990
Year Amended: 1998
File: Download

A health care services organization shall not attempt to sell or otherwise transfer to an affiliate Arizona assets in excess of ten per cent of the organization’s unimpaired capital or surplus as reported in its most recent annual statement, without prior approval by the director. If the director does not disapprove such sale or transfer within forty-five days of the date received by the director, the sale or transfer is deemed approved.


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