11-1407. Corporate powers, immunities and
limitations


A nonprofit corporation that is organized as provided by this article and that
enters into an operating agreement with a sponsoring county:


1. Is considered to:


(a) Exercise its powers for the benefit of the people, to improve their health and
welfare and to increase their prosperity.


(b) Engage in a purpose that is essential to public health care.


(c) Have all powers of a nonprofit corporation under title 10.


2. Is entitled to the exemptions and immunities provided by law to similar
corporations that are organized for similar purposes including exemptions from taxation
of its property and bonds.


3. Possesses and may exercise those powers that are delegated to the corporation by
the board of supervisors and that are necessary to satisfy the requirements of section
103 of the internal revenue code as stated in the terms, conditions, restrictions and
agreements of the operating agreement. These powers are in addition to the powers that
are granted to nonprofit corporations by title 10.