Section 34-9-11 - Donation of municipal hospital property to nonprofit corporation--Use by corporationas health care facility or medical clinic. - South Dakota Statutes

34-9-11. Donation of municipal hospital property to nonprofit corporation--Use by corporation as health care facility or medical clinic. In addition to other powers granted, any municipality may by resolution give to a nonprofit corporation, real and personal property owned by the municipality and used by it in the operation of a health care facility as defined in § 34-12-1.1 or a medical clinic. However, the transfer of property shall be accepted by a majority vote of the directors of the nonprofit corporation, and the property transferred, or the proceeds from the sale thereof, shall be used by the nonprofit corporation in the operation of a health care facility as defined in § 34-12-1.1 or a medical clinic.

Source: SL 1972, ch 191; SL 2000, ch 164, § 1.