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Session Laws, 1984
Volume 759, Page 1656   View pdf image
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1656

LAWS OF MARYLAND

Ch. 288

EFFECT SO LONG AS THE MEDICAL SYSTEM CORPORATION SHALL HAVE
BONDS, NOTES, OR OTHER OBLIGATIONS OUTSTANDING, UNLESS ADEQUATE
PROVISION HAS BEEN MADE FOR THE PAYMENT THEREOF.

(B)  UPON TERMINATION OF THE EXISTENCE OF THE MEDICAL SYSTEM
CORPORATION, ALL ITS RIGHTS AND PROPERTIES SHALL PASS TO AND BE
VESTED IN THE STATE, BUT SUBJECT IN ALL CASES TO ANY MORTGAGES,
LIENS, OR OTHER ENCUMBRANCES OR ANY OTHER RIGHTS OR INTERESTS OF
CREDITORS OF THE MEDICAL SYSTEM CORPORATION OR OTHER THIRD
PARTIES.

(C)  THE ARTICLES OF INCORPORATION OF THE MEDICAL SYSTEM
CORPORATION AND THE DOCUMENTS OF TRANSFER OF THE MEDICAL SYSTEM
ASSETS MUST STATE THAT THE BOARD OF REGENTS AND THE BOARD OF
PUBLIC WORKS MAY DETERMINE THAT THE MEDICAL SYSTEM CORPORATION
HAS FAILED TO REALIZE THE PURPOSES SET FORTH IN THIS SUBTITLE; IN
THE EVENT OF SUCH A DETERMINATION, THE BOARD OF DIRECTORS SHALL
BE REQUIRED TO UNDERTAKE APPROPRIATE LEGAL PROCEEDINGS TO RETURN
ALL ASSETS OF THE MEDICAL SYSTEM THEN HELD BY THE MEDICAL SYSTEM
CORPORATION TO THE STATE, BUT ONLY IF ADEQUATE PROVISION HAS BEEN
MADE FOR THE PAYMENT OF ANY OUTSTANDING BONDS, NOTES, OR OTHER
OBLIGATIONS OF THE MEDICAL SYSTEM CORPORATION.

13-1B-12.

THIS SUBTITLE, BEING NECESSARY FOR THE HEALTH AND WELFARE OF
THE STATE AND ITS INHABITANTS, SHALL BE LIBERALLY CONSTRUED TO
EFFECT THE PURPOSES HEREOF.

13-1B-13.

THE PROVISIONS OF THIS SUBTITLE ARE SEVERABLE, AND IF ANY OF
ITS PROVISIONS ARE HELD UNCONSTITUTIONAL BY ANY COURT OF
COMPETENT JURISDICTION, THE DECISION OF SUCH COURT SHALL NOT
AFFECT OR IMPAIR ANY OF THE REMAINING PROVISIONS.

Article 43C - Maryland Health and Higher Educational
Facilities Authority

3.

As used in this article, the following words and terms shall
have the following meanings unless the context indicates another
or different meaning or intent:

(h) (1) "Hospital" means a hospital, a related institution
or a combination of a hospital and a related institution, located
within this State and either meeting the requirements of and
having a license or licenses as required by § 19-318 of the
Health - General Article or, in the case of a new institution,
having a prelicensing certification or recertification from the
State Health Planning and Development Agency and being or to be,
in fact, a health care facility available to the general public
maintained and operated as a nonprofit institution by some
person, association, municipal or other corporation, or other

 

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Session Laws, 1984
Volume 759, Page 1656   View pdf image
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