31A-7-104 - General corporate powers and procedures. - Utah Statutes

31A-7-104. General corporate powers and procedures.
(1) Corporations organized or operating under this chapter have the powers specifiedunder Section 31A-5-104.
(2) Subject to the limitations upon subsidiary investment valuation otherwise stated underthis title, corporations organized or operating under this chapter may invest in corporationsorganized for profit.
(3) Corporations subject to the provisions of this chapter may enter into contracts for therendering of hospital services, medical-surgical services, and other health services on behalf ofany of their subscribers with hospitals maintained by the state, or by any of its politicalsubdivisions, or maintained by a nonprofit corporation organized for hospital purposes, or withother corporations, associations, partnerships, or individuals furnishing hospital services,medical-surgical services, or other health services. This chapter does not require any corporationto contract or remain under contract with any individual, hospital, physician, or other provider ofhealth services.

Amended by Chapter 91, 1987 General Session