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Md. Code, Health-Gen. § 19-217. Notification of financial transactions: Health Services Cost Review Commission, Part II Health Care Facility Rate Setting – Maryland
Status: EnactedYear Enacted: 1991
Year Amended: 2014
File: Download
A facility shall notify the Commission at least 30 days prior to executing any financial transaction, contract, or other agreement that would pledge more than 50% of the operating assets of the facility as collateral for a loan or other obligation; result in more than 50% of the operating assets of the facility being sold, leased, or transferred to another person or entity; or result in more than 50% of all corporate voting rights or governance reserve powers being transferred to or assumed by another person or entity.
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