IC 16-23-7-1: Application of chapter

Sec. 1. This chapter applies to a nonprofit hospital corporation:

(1) in a city having a population of:

(A) more than one hundred ten thousand (110,000) and less than one hundred fifty thousand (150,000); or

(B) more than one hundred thousand (100,000) and less than one hundred ten thousand (110,000);

(2) in a city without a city hospital or other means for furnishing the city's citizens hospital care; and

(3) that owns property in the city that:

(A) is used for hospital purposes; and

(B) has a value of at least four hundred thousand dollars ($400,000).