< Back


Conversion of Hospital or Medical Service Corporation

RESOLVED, That the North Carolina Medical Society opposes the conversion of any hospital service corporation or medical service corporation from not-for-profit status unless the corporation is required to transfer the fair market value of the ownership interest of that corporation to an irrevocable trusts held for the benefit of the health needs of the public.

(Emergency Resolution 1-1997, adopted as amended 11/16/97)
(revised, Report L3-2004, Item 15, adopted 11/14/2004)
(reaffirmed, Report I-2009, Item 2-68, adopted 11/01/2009) (reaffirmed, NCMS Policy Review 2015 Report, Item 65, adopted 10/24/2015)