# Mont. Code Ann. § 50-4-707: 50-4-707 Application process -- content

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-707

## Section

- **Citation:** Mont. Code Ann. § 50-4-707
- **Heading:** 50-4-707 Application process -- content
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 50 / Chapter 4 / Part 7 / Section 50-4-707

## Text

50-4-707 . Application process -- content. (1) A person that seeks to engage in a conversion transaction for a nonprofit health entity and the nonprofit health entity shall submit an application to the commissioner and a copy of the application to the attorney general.

(2) The application submitted under subsection (1) is in addition to any other filing required by law.

(3) An application must include:

(a) the name of the proposed transferor;

(b) the name of the proposed transferee;

(c) the names of any other parties to the conversion transaction agreement;

(d) the terms of the proposed conversion transaction, including but not limited to a description and valuation of all consideration exchanges as a part of or as a result of the conversion and the extent to which the assets proposed to be converted are public assets;

(e) a copy of the conversion transaction agreement;

(f) a financial and community impact analysis report from an independent expert or consultant that addresses the criteria in 50-4-715 through 50-4-717 ;

(g) an independent valuation of the fair market value of the nonprofit health entity for a valuation date within 1 year prior to receipt by the nonprofit health entity or publication of a bona fide bid, offer, or letter of intent to acquire the nonprofit health entity; and

(h) an antitrust analysis prepared by an appropriate expert.

## Nearby sections

- [Mont. Code Ann. § 50-4-701 50-4-701 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-701.md)
- [Mont. Code Ann. § 50-4-702 50-4-702 Conversion transaction -- approval](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-702.md)
- [Mont. Code Ann. § 50-4-703 50-4-703 Rulemaking authority](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-703.md)
- [Mont. Code Ann. § 50-4-704 50-4-704 Rights and powers](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-704.md)
- [Mont. Code Ann. § 50-4-707 50-4-707 Application process -- content](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-707.md)
- [Mont. Code Ann. § 50-4-708 50-4-708 Public records](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-708.md)
- [Mont. Code Ann. § 50-4-709 50-4-709 Receiving an application -- notice of application](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-709.md)
- [Mont. Code Ann. § 50-4-710 50-4-710 Public hearing](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-710.md)
- [Mont. Code Ann. § 50-4-711 50-4-711 Procedures](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-711.md)
- [Mont. Code Ann. § 50-4-712 50-4-712 Experts](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-712.md)
- [Mont. Code Ann. § 50-4-713 50-4-713 Deadline for approval or nonapproval](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-713.md)
- [Mont. Code Ann. § 50-4-714 50-4-714 Effect of determination](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-714.md)
- [Mont. Code Ann. § 50-4-715 50-4-715 Criteria for attorney general approval of conversion transaction](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-715.md)
- [Mont. Code Ann. § 50-4-716 50-4-716 Criteria for distribution of assets](https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-716.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T50_C4_P7_S50-4-707. Check the current official text before relying on it. Not legal advice.