Md. Code, State Gov’t § 6.5-304. Effect of acquisition: Attorney General; Acquisition of Nonprofit Health Entities – Maryland

Status: Enacted
Year Enacted: 1998
File: Download

A corporation that becomes a for-profit health entity under this title may not be deemed to have abandoned its corporate status by virtue of an acquisition unless the acquisition provides specifically to the contrary. All outstanding contracts of a transferor shall remain in full force and effect and need not be otherwise endorsed unless ordered by the regulating entity.

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