Montana § 50-4-707 - Application Process -- Content
Full text of Montana Montana Code Annotated § 50-4-707 — Application Process -- Content, with citation guidance and answers to common questions.
§ 50-4-707. Application Process -- Content
Application process -- content. (1) A person that seeks to engage in a conversion transaction for a nonprofit health entity and the nonprofit health entity shall submit an application to the commissioner and a copy of the application to the attorney general. (2) The application submitted under subsection (1) is in addition to any other filing required by law. (3) An application must include: (a) the name of the proposed transferor; (b) the name of the proposed transferee; (c) the names of any other parties to the conversion transaction agreement; (d) the terms of the proposed conversion transaction, including but not limited to a description and valuation of all consideration exchanges as a part of or as a result of the conversion and the extent to which the assets proposed to be converted are public assets; (e) a copy of the conversion transaction agreement; (f) a financial and community impact analysis report from an independent expert or consultant that addresses the criteria in 50-4-715 through 50-4-717 ; (g) an independent valuation of the fair market value of the nonprofit health entity for a valuation date within 1 year prior to receipt by the nonprofit health entity or publication of a bona fide bid, offer, or letter of intent to acquire the nonprofit health entity; and (h) an antitrust analysis prepared by an appropriate expert.
Frequently Asked Questions About Montana § 50-4-707
What does Montana Code Annotated § 50-4-707 cover?
Section 50-4-707 ("Application Process -- Content") is part of the Montana Code Annotated, the codified statutory law of Montana. 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 Montana § 50-4-707?
A common citation format is "Montana Code Annotated § 50-4-707" (Montana). 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 Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 50-4-707 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.