Section 5-304 - For-profit health entity.
§ 6.5-304. For-profit health entity.
(a) Corporate status.- 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.
(b) Continuation of filings.- The certificate of authority, agent appointments, licenses, forms, and any other filings in existence at the time of an acquisition shall continue in full force and effect upon an acquisition if a corporation at all times remains qualified to engage in business in the State.
(c) Contracts.- 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.
[1998, chs. 123, 124.]