HF 1754

as introduced - 88th Legislature (2013 - 2014) Posted on 04/10/2013 11:05am

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, 2014.
new text end