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DE SB156

Bill

Status

Passed

9/4/2018

Primary Sponsor

Bryan Townsend

Click for details

Origin

Senate

149th General Assembly

AI Summary

  • Amends § 2532 of Title 29 regarding notice requirements for not-for-profit healthcare conversion transactions.

  • Changes notice requirement from "within 180 days" to "at least 180 days prior to" the closing date of the proposed transaction.

  • Ensures the Attorney General receives sufficient advance notice to review proposed conversions and protect charitable assets held for public benefit.

  • Corrects an apparent drafting error that previously allowed notice to be provided as late as the transaction closing date, which prevented proper regulatory review.

Legislative Description

An Act To Amend Title 29 Of The Delaware Code Relating To Conversion Transactions For Not-for-profit Healthcare Entities.

Last Action

Signed by Governor

9/4/2018

Committee Referrals

Health & Human Development5/2/2018
Health, Children & Social Services3/9/2018

Full Bill Text

No bill text available