Section 7. Regulation and Construction of Hospitals and Other Health Care Facilities, 31-7-1 through 31-7-412.
ARTICLE 15
HOSPITAL ACQUISITION
31-7-409. Prospective operation of article.
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Any transaction completed before October 31, 1997, or any transaction that is subject to a pending definitive agreement as of October 31, 1997, and which is either conditioned only upon receipt of regulatory approval, or is subject to a pending judicial proceeding as of April 1, 1997, is not subject to the requirements of this article.
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Any lease which is exempted from the operation of this article pursuant to subsection (a) of this Code section and which contained, on October 31, 1997, an option to renew that lease upon its expiration shall not be subject to this article upon any renewal on or after April 28, 1999.
(Code 1981, §31-7-409, enacted by Ga. L. 1997, p. 1091, § 1; Ga. L. 1999, p. 850, § 2.)
Code Commission notes.
- Pursuant to Code Section 28-9-5, in 1997, "October 31, 1997," was substituted for "the effective date of this article" in two places.
Pursuant to Code Section 28-9-5, in 1999, "April 28," was substituted for "the date this subsection becomes effective in" in subsection (b).
