Any health care facility capable of entering into a binding contract may participate as a member of the corporation if the health care facility:
(1) Is approved by the appropriate state licensing agency having regulatory control over the facility; and
(2) Is accepted as a member by majority vote of the corporation's board of directors.
The corporation and all health care facilities approved and accepted for membership shall enter into contracts which shall govern their respective rights and obligations and which shall be adopted and may be altered, amended, or repealed by majority vote of the board of directors of the corporation. The board of directors of the corporation may terminate the membership and the contract of any health care facility for any cause deemed proper by it at any time by a majority vote. Such member may be reinstated by a majority vote of the board of directors.
Structure Code of Alabama
Title 10A - Alabama Business and Nonprofit Entities Code.
Chapter 20 - Special Purpose Entities.
Article 6 - Health Care Services Plans.
Section 10A-20-6.01 - Applicability of Article.
Section 10A-20-6.02 - Incorporation.
Section 10A-20-6.03 - Health Care Facilities Which May Participate.
Section 10A-20-6.04 - Board of Directors.
Section 10A-20-6.06 - Altering, Amending, or Changing Certificate of Formation.
Section 10A-20-6.07 - Certificates of Authority; Contracts With Public.
Section 10A-20-6.08 - License, Privilege, or Other Taxes by Municipalities or Counties Prohibited.
Section 10A-20-6.09 - Selection of Health Care Facility by Certificate Holders.
Section 10A-20-6.10 - Regulation of Rates, Charges, Fees, and Dues.
Section 10A-20-6.11 - Examination Power of Commissioner of Insurance.
Section 10A-20-6.12 - Certificates for Agents; Filing of Health Service Certificates.
Section 10A-20-6.13 - Deposit of Securities With State Treasurer.
Section 10A-20-6.14 - Filing of Annual Statements.
Section 10A-20-6.15 - Review of Decisions, etc., by Commissioner of Insurance.