NORTH CAROLINA GENERAL ASSEMBLY
1977 SESSION

CHAPTER 663
SENATE BILL 697

AN ACT TO AMEND G.S. 55A-15 TO AUTHORIZE NONPROFIT HOSPITAL CORPORATIONS TO PURCHASE OFFICERS AND DIRECTORS LIABILITY INSURANCE.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 55A-15(a) is amended by adding a new subsection at the end thereof to read as follows:
"(10)	Notwithstanding any other provision of law, a nonprofit corporation or association which operates a public hospital owned by a county, city, hospital district or hospital authority is hereby authorized to purchase liability insurance to protect its officers and directors in any suits alleging actual or alleged negligent acts, errors, omissions or breach of duty in the management of the corporation or association."
Sec. 2.  This act shall become effective upon ratification.
In the General Assembly read three times and ratified, this the 21st day of June, 1977.