Volume 799, Page 2564 View pdf image |
Ch. 357 2003 LAWS OF MARYLAND 14-111. [A] SUBJECT TO THE AUTHORITY OF THE COMMISSIONER TO REGULATE (1) issue contracts in the form filed with the Commissioner to persons (2) FINANCE CAPITAL IMPROVEMENT PROJECTS THROUGH THE (3) FINANCE CAPITAL IMPROVEMENT PROJECTS THROUGH THE (4) PARTNER WITH THE STATE AND OTHER PUBLIC OR PRIVATE 14-115. (a) (1) In this section the following words have the meanings indicated. (2) "Board" means the board of directors of a nonprofit health service (3) "Immediate family member" means a spouse, child, child's spouse, (b) [Subsections (c) through (f) of this section apply] THIS SECTION APPLIES (c) (1) The business and affairs of a nonprofit health service plan shall be (2) The board and its individual members are fiduciaries and shall act: (i) in good faith; (ii) in a manner that is reasonably believed to be in the best interests (III) IN A MANNER THAT IS REASONABLY BELIEVED TO BE IN [(iii)] (IV) with the care that an ordinarily prudent person in a like - 2564 -
|
||||
Volume 799, Page 2564 View pdf image |
Tell Us What You Think About the Maryland State Archives Website!
|
An Archives of Maryland electronic publication.
For information contact
mdlegal@mdarchives.state.md.us.