Sec. 38a-187. (Formerly Sec. 33-179o). Investments. Use of ancillary equipment and facilities. - Connecticut Statutes

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Statutes > Connecticut > Title38a > Chap698a > Sec38a-187

      Sec. 38a-187. (Formerly Sec. 33-179o). Investments. Use of ancillary equipment and facilities. A health care center governed by sections 38a-175 to 38a-192, inclusive, may purchase, lease, construct, renovate, operate and maintain medical facilities and equipment ancillary to such facilities and such other property as may be reasonably required for its principal office and for such purposes as may be necessary in the transaction of the business of the health care center, and may otherwise invest in other securities permitted by the general statutes for the investment of trust funds, and in such other securities alone.

      (1971, P.A. 445, S. 15; P.A. 90-68, S. 10, 16.)

      History: P.A. 90-68 allowed the health care centers to purchase, lease, construct, renovate, operate or maintain ancillary equipment or facilities necessary to their operation, replacing provision prohibiting investments in real estate mortgages; Sec. 33-179o transferred to Sec. 38a-187 in 1991.

State Codes and Statutes

Statutes > Connecticut > Title38a > Chap698a > Sec38a-187

      Sec. 38a-187. (Formerly Sec. 33-179o). Investments. Use of ancillary equipment and facilities. A health care center governed by sections 38a-175 to 38a-192, inclusive, may purchase, lease, construct, renovate, operate and maintain medical facilities and equipment ancillary to such facilities and such other property as may be reasonably required for its principal office and for such purposes as may be necessary in the transaction of the business of the health care center, and may otherwise invest in other securities permitted by the general statutes for the investment of trust funds, and in such other securities alone.

      (1971, P.A. 445, S. 15; P.A. 90-68, S. 10, 16.)

      History: P.A. 90-68 allowed the health care centers to purchase, lease, construct, renovate, operate or maintain ancillary equipment or facilities necessary to their operation, replacing provision prohibiting investments in real estate mortgages; Sec. 33-179o transferred to Sec. 38a-187 in 1991.

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State Codes and Statutes

Statutes > Connecticut > Title38a > Chap698a > Sec38a-187

      Sec. 38a-187. (Formerly Sec. 33-179o). Investments. Use of ancillary equipment and facilities. A health care center governed by sections 38a-175 to 38a-192, inclusive, may purchase, lease, construct, renovate, operate and maintain medical facilities and equipment ancillary to such facilities and such other property as may be reasonably required for its principal office and for such purposes as may be necessary in the transaction of the business of the health care center, and may otherwise invest in other securities permitted by the general statutes for the investment of trust funds, and in such other securities alone.

      (1971, P.A. 445, S. 15; P.A. 90-68, S. 10, 16.)

      History: P.A. 90-68 allowed the health care centers to purchase, lease, construct, renovate, operate or maintain ancillary equipment or facilities necessary to their operation, replacing provision prohibiting investments in real estate mortgages; Sec. 33-179o transferred to Sec. 38a-187 in 1991.