Today's Law As Amended


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AB-2036 Nonprofit public benefit corporations: sale of assets: health facilities.(2019-2020)



As Amends the Law Today


SECTION 1.

 Section 5926 of the Corporations Code is amended to read:

5926.
 (a)  The Attorney General may enforce conditions imposed on the Attorney General’s consent to an agreement or transaction pursuant to Section 5914 or 5920 to the fullest extent provided by law. In addition to any legal remedies the Attorney General may have, the Attorney General shall be entitled to specific performance, injunctive relief, and other equitable remedies a court deems appropriate for breach of any of the conditions and shall be entitled to recover its attorney’s fees and costs incurred in remedying each violation.
(b) If the Attorney General imposes a condition on its consent to an agreement or transaction pursuant to Section 5914 or 5920, that condition shall remain in effect for the entire period of time specified by the Attorney General, regardless of whether the health facility is subject to an additional or subsequent sale, transfer, purchase, lease, exchange, option, conveyance, or other disposition of assets.