Sec. 1. This chapter applies to a nonprofit hospital corporation that meets the following conditions:
(1) Is established in or within one (1) mile of a city.
(2) Has articles of incorporation or a constitution or bylaws that provide the following:
(A) The incorporators shall be the first board of trustees, which is the sole governing board, and which elects successors at stated periods from reputable citizens of the city and vicinity who meet the following conditions:
(i) Include one (1) licensed physician.
(ii) Are persons interested in the benevolent work of the hospital, chosen without reference to political or sectarian influence.
(iii) Receive no compensation for services.
(B) The corporation's general corporate powers will be exercised by a board of directors, who meet the following conditions:
(i) May include one (1) licensed physician.
(ii) Are residents of the county in which the hospital is located and elected by a board of electors consisting of representatives from each organized church, religious association, labor union and fraternal, charitable, military, patriotic, and civic organization in the city.
(3) The revenue derived from the care of persons able to pay for services and from all other sources is expended in the maintenance of the hospital and for the care of persons who are unable to pay, to the extent of the hospital's ability to assist, so that revenues are insufficient to support and maintain the hospital and enable the hospital to supply the demand for hospital care and nursing in the city and community.
[Pre-1993 Recodification Citation: 16-12-18.1-1(a), (c).]
As added by P.L.2-1993, SEC.5. Amended by P.L.91-2002, SEC.14 and P.L.100-2002, SEC.15.