§ 4583.
151 words·~1 min read·
/vt/title-8/chapter-125/4583A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 4583. Purposes and definition
A medical service corporation is a nonprofit sharing corporation without capital stock, organized under the laws of this State for the purpose of establishing, maintaining, and operating a plan through which medical or medical and dental services may be provided at the expense of the corporation by duly licensed physicians and dentists to subscribers under contract, entitling each subscriber to certain medical services or medical and dental services as provided in the contract.
Corporations formed under the provisions of this chapter shall have the privileges and be subject to the provisions of Title 11B as well as the applicable provisions of this chapter. In the event of a conflict between the provisions of Title 11B and the provisions of this chapter, the latter shall control. (Amended 1997, No. 54, § 7, eff. June 26, 1997; 2021, No. 105 (Adj. Sess.), § 213, eff. July 1, 2022.)