™Your Policy Risk Impact Agent
28 chapters · 329 sections in this title.
D.C. Code § 44-601 Findings
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The Council finds and declares the following: (1) Charitable healthcare entities hold all their assets in trust, and those assets are irrevocably dedicated, as a condition of their tax-exempt status, to the specific charitable purposes set forth in the articles of incorporation o…
D.C. Code § 44-602 Definitions
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For the purposes of this chapter, the term: (1) “Applicant” means a healthcare entity or a for-profit entity that applies to the State Health Planning and Development Agency or the Commissioner of Insurance and Securities [Commissioner of the Department of Insurance, Securities, …
D.C. Code § 44-603 Conversion approval
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(a) Notwithstanding any other provisions of the law, a healthcare entity shall not execute a conversion to a for-profit entity without the approval of the Attorney General for the District of Columbia. (b) The Attorney General for the District of Columbia shall review the convers…
D.C. Code § 44-604 Charitable trusts
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(a) If the Attorney General for the District of Columbia determines, pursuant to § 44-603(12), that the charitable assets of a healthcare entity have not been placed in a charitable trust controlled independently of the for-profit entity, or other parties to the conversion, and u…
