31A-7-104. General corporate powers and procedures.
(1) Corporations organized or operating under this chapter have the powers specified
under Section 31A-5-104.
(2) Subject to the limitations upon subsidiary investment valuation otherwise stated under
this title, corporations organized or operating under this chapter may invest in corporations
organized for profit.
(3) Corporations subject to the provisions of this chapter may enter into contracts for the
rendering of hospital services, medical-surgical services, and other health services on behalf of
any of their subscribers with hospitals maintained by the state, or by any of its political
subdivisions, or maintained by a nonprofit corporation organized for hospital purposes, or with
other corporations, associations, partnerships, or individuals furnishing hospital services,
medical-surgical services, or other health services. This chapter does not require any corporation
to contract or remain under contract with any individual, hospital, physician, or other provider of
health services.
Amended by Chapter 91, 1987 General Session
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Last revised: Thursday, May 28, 2009