Sec. 02.05.01.02. Definitions

A. In this chapter, the following terms have the meanings indicated.

B. Terms Defined.

(1) "Acquisition" has the meaning stated in State Government Article, §6.5-101(b), Annotated Code of Maryland.

(2) "Application" means any documents or other materials filed with the Attorney General in accordance with State Government Article, §6.5-201, Annotated Code of Maryland, and Regulation .03 of this chapter.

(3) "Attorney General" means the Attorney General or a designee of the Attorney General.

(4) "Board" means the board of directors, board of trustees, or other managing board of a corporation or institution.

(5) "Certificate of need" has the meaning stated in Health-General Article, §19-114, Annotated Code of Maryland.

(6) "Consideration" means any cash, stocks, or things of value promised by the transferee to the transferor for completion of the acquisition.

(7) "Department" means the Secretary of Health or a designee of the Secretary of the Maryland Department of Health.

(8) "Fair value" means the value of the transferor considering all relevant factors, including those set forth in State Government Article, §6.5-301(d), Annotated Code of Maryland.

(9) "Hospital" has the meaning stated in Health-General Article, §19-301(g), Annotated Code of Maryland.

(10) "Material" means an original or any copy of any information or document, including a card, computerized record, correspondence, disc or diskette, drawing, electronic record, film or microfilm, form, map, photograph, photostat, recording, or tape.

(11) "Modification" means a temporary or permanent condition that shall be satisfied or executed by the transferee or transferor, or both.

(12) "Transferee" means the person in an acquisition that received the ownership or control of the nonprofit health entity that is the subject of the acquisition.

(13) Transferor.

(a) "Transferor" has the meaning stated in State Government Article, §6.5-101(b), Annotated Code of Maryland.

(b) "Transferor" includes, for purposes of information sought during the application process, predecessor or merged entities.