Indiana § 16-23-1-47 - Board of directors; authority and powers; direct financial subsidies
Full text of Indiana Indiana Code § 16-23-1-47 — Board of directors; authority and powers; direct financial subsidies, with citation guidance and answers to common questions.
§ 16-23-1-47. Board of directors; authority and powers; direct financial subsidies
Sec. 47. (a) The board of directors has the authority and powers granted to boards of nonprofit corporations under IC 23-17, including the powers to do the following:
(1) Enter shared service agreements and other cooperative ventures.
(2) Join or sponsor memberships in organizations and associations that benefit the hospital.
(3) Incorporate other corporations.
(4) Allow members of the board or officers or administrators of the hospital to serve as directors of the following:
(A) Organizations or associations that benefit the hospital.
(B) Partnerships, limited liability companies, or other corporations.
(C) Shared service agreements and other cooperative ventures.
(5) Offer to the general public, directly or indirectly, products and services of any entity created under this subsection.
(6) Sue and be sued in the board's own name.
(7) Enter into contracts.
(8) Perform all other duties and exercise all other powers prescribed by law.
(b) The existence of authority or power under subsection (a) shall be determined in favor of the hospital if generally authorized or existing under IC 23-17. A resolution of the board of directors is presumptive evidence of a power.
(c) If a county or city fiscal body provides a direct financial subsidy to a hospital from a tax levy at the time a hospital exercises the hospital's powers under subsection (a), the hospital may not provide the funds from a tax levy to an entity created under subsection (a) for more than three (3) years. After three (3) years, all money, with interest, must be repaid in not more than ten (10) years.
[Pre-1993 Recodification Citations: 16-12.2-5-3 part; 16-12.2-5-39.]
As added by P.L.2-1993, SEC.6. Amended by P.L.8-1993, SEC.251.
IC 16-23-2Chapter 2. Hospital Boards of Governors in Third Class Cities
16-23-2-1Creation 16-23-2-2Members 16-23-2-3Terms 16-23-2-4Vacancies 16-23-2-5Compensation 16-23-2-6Oath 16-23-2-7Conflicts of interest 16-23-2-8Control of hospitals 16-23-2-9Hospital funds; duties of clerk-treasurer; deposits and payments 16-23-2-10Budget and appropriations; reports 16-23-2-11Donations and bequests
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 16-23-1-47
What does Indiana Code § 16-23-1-47 cover?
Section 16-23-1-47 ("Board of directors; authority and powers; direct financial subsidies") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 16-23-1-47?
A common citation format is "Indiana Code § 16-23-1-47" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 16-23-1-47 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
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