{"data":{"id":"us-mt/50-4-719","jurisdiction":"us-mt","citation":"50-4-719","heading":"For-profit health entity.","body":"(1) A corporation that becomes a for-profit health entity under this part may not be considered to have abandoned its corporate status by virtue of a conversion transaction unless the conversion transaction provides specifically to the contrary.\n(2) The certificate of authority, agent appointments, licenses, forms, and any other filings in existence at the time of a conversion transaction continue in full force and effect upon a conversion transaction if a corporation at all times remains qualified to engage in business in the state.\n(3) All outstanding contracts of a transferor remain in full force and effect and need not be otherwise endorsed unless ordered by the commissioner.","path":["TITLE 50. HEALTH AND SAFETY","CHAPTER 4. HEALTH CARE POLICY","Part 7. Conversion of Nonprofit Health Entity to For-Profit or Mutual Benefit Corporation"],"source_url":"https://mca.legmt.gov/bills/mca/title_0500/chapter_0040/part_0070/section_0190/0500-0040-0070-0190.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:56:07Z","sha256":"aa76dfc2f2b8024c98ac897422cd279c2ddccd355460e04bf6c8c56850e11574","source_id":"us-mt","stale":false,"prev":"us-mt/50-4-718","next":"us-mt/50-4-720"},"notice":"GroundRules: Original legal text. Not legal advice."}