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60 chapters · 1,211 sections in this title.
Mont. Code Ann. § 50-4-717 Criteria For Commissioner Approval Of Conversion Transaction
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(1) The commissioner may not approve a conversion transaction except upon a finding that the conversion transaction is in the public interest. If the attorney general or a court pursuant to 50-4-704 determines that the transaction does not involve public assets, the commissioner …
Mont. Code Ann. § 50-4-718 Deposit Of Assets
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Any public assets distributed pursuant to 50-4-716 as a result of the conversion transaction of a nonprofit health entity approved by the commissioner and the attorney general on or after April 8, 2005, must be distributed as provided in 50-4-720.
Mont. Code Ann. § 50-4-719 For-Profit Health Entity
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(1) A corporation that becomes a for-profit health entity under this part may not be considered to have abandoned its corporate status by virtue of a conversion transaction unless the conversion transaction provides specifically to the contrary. (2) The certificate of authority, …
Mont. Code Ann. § 50-4-720 Distribution Of Proceeds -- Annual Report
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(1) Except as provided in subsection (5), the proceeds of a conversion transaction that are public assets must be distributed to an existing or new foundation or other nonprofit organization to be held in a trust that meets the following requirements: (a) The foundation or nonpro…