Upon foreclosure under the Deed of Trust, Security Agreement, Fixture Filing and Restrictive Covenants signed by CMC Realty, LLC and Capital Medical Center, LLC on November 7, 2007, or upon any other transfer of assets, the Mayor is authorized to transfer all of the assets, including cash, accounts receivable, and real and personal property, of United Medical Center to the Corporation.
(Sept. 14, 2011, D.C. Law 19-21, § 5118, 58 DCR 6226.)
Structure District of Columbia Code
Title 44 - Charitable and Curative Institutions
Chapter 9A - Not-for-Profit Hospital Corporation
§ 44–951.02. Establishment of the Not-for-Profit Hospital Corporation
§ 44–951.03. Not-for-Profit Hospital Corporation Fund
§ 44–951.04. Board of Directors
§ 44–951.05. Governance of the Corporation
§ 44–951.06. Powers of the Corporation
§ 44–951.07. Transfer of assets under Deed of Trust
§ 44–951.08. Personnel administration
§ 44–951.10. Transfer of employees
§ 44–951.11. Procurement law inapplicable
§ 44–951.12. Exemption from taxation
§ 44–951.13. Reports to the Mayor and the Council
§ 44–951.14. Representation and indemnification
§ 44–951.16. Debts and borrowing
§ 44–951.17. Continuation of privileges to practice