§ 4511.
125 words·~1 min read·
/vt/title-8/chapter-123/4511A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 4511. Purposes and definition
A corporation may be organized for the purpose of establishing, maintaining, and operating a nonprofit hospital service plan through which hospital care may be provided by a hospital maintained by a corporation organized for hospital purposes to members of the public who become subscribers to the plan under a contract that entitles each subscriber to certain hospital care. As used in this chapter, the term “hospital service corporation” includes any corporation organized under the provisions of this chapter and also any unincorporated association furnishing hospital, medical, surgical, or nursing services, or any combination of these, to subscribers or members, except as provided in section 4519 of this title.
(Amended 2021, No. 105 (Adj. Sess.), § 205, eff. July 1, 2022.)