D.C. Code § 31-3171.15: Dissolution of the Authority.
Where this section sits in the code
- Title 31. Insurance and Securities.
- Chapter 31D. Health Benefit Exchange.
Upon dissolution, liquidation, or other termination of the Authority:
(1)
All rights and properties of the Authority shall pass to and be vested in the District, subject to the rights of lien holders and other creditors;
(2)
Any net earnings of the Authority, beyond that necessary for retirement of any indebtedness or to implement a public purpose or program of the District authorized under this chapter, shall not inure to the benefit of any person other than the District;
(3)
The expenditure of any net earnings shall be restricted to costs related to the direct delivery of health care to residents of the District.
Collected 2026-08-29T05:44:07Z. Source file · JSON