New York Laws
Title 1 - Westchester County Health Care Corporation
3306 - Special Powers of the Corporation.

(b) No subsidiary of the corporation shall own, operate, manage or
control the existing acute inpatient and outpatient facilities and
services now in operation on the grounds of the Valhalla campus.
(c) Any such subsidiary may be authorized to act as a general or
limited partner in a partnership or as a member of a limited liability
company, and enter into an arrangement calling for an initial and
subsequent payment by such subsidiary in consideration of an interest in
revenues or other contractual rights.
(d) An entity shall be deemed a subsidiary corporation whenever and so
long as (i) more than half of any voting shares of such subsidiary are
owned or held by the corporation or (ii) a majority of the directors,
trustees or members of such subsidiary are designees of the corporation.

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