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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 31-3171.15: Dissolution of the Authority.

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Where this section sits in the code
  1. Title 31. Insurance and Securities.
  2. 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

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