HF 403

as introduced - 93rd Legislature (2023 - 2024) Posted on 01/17/2023 11:40am

A bill for an act
relating to hospitals; prohibiting transfer of the University of Minnesota Hospitals
to a non-Minnesota entity.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1. new text begin UNIVERSITY OF MINNESOTA HOSPITALS; PROHIBITING
TRANSFER TO FOREIGN CORPORATION.
new text end

new text begin No entity exercising ownership of the University of Minnesota Hospitals may convey,
assign, or otherwise transfer ownership of the hospitals, or their related assets, in whole or
in part, to a foreign corporation, partnership, or entity. This prohibition includes a transfer
of ownership resulting from corporate acquisition by a foreign entity, or a merger or
consolidation with a foreign business entity.
new text end

new text begin EFFECTIVE DATE. new text end

new text begin This section is effective the day following final enactment, and
expires on December 31, 2024.
new text end