H.R. 3025 (ih) To amend the Federal charter for Group Hospitalization and Medical Services, Inc., and for other purposes. ...

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        H.R.3025

                       One Hundred Fifth Congress

                                 of the

                        United States of America


                          AT THE FIRST SESSION

          Begun and held at the City of Washington on Tuesday,
 the seventh day of January, one thousand nine hundred and ninety-seven


                                 An Act


 
   To amend the Federal charter for Group Hospitalization and Medical 
                 Services, Inc., and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CHARTER FOR GROUP HOSPITALIZATION AND MEDICAL SERVICES, INC.

    The Act entitled ``An Act providing for the incorporation of 
certain persons as Group Hospitalization and Medical Services, Inc.'', 
approved August 11, 1939 (53 Stat. 1412), is amended--
        (1) by inserting after section 9 the following new section:
    ``Sec. 10. The corporation may have 1 class of members, consisting 
of at least 1 member and not more than 30 members, as determined 
appropriate by the board of trustees. The bylaws for the corporation 
shall prescribe the designation of such class as well as the rights, 
privileges and qualifications of such class, which may include, but 
shall not be limited to--
        ``(1) the manner of election, appointment or removal of a 
    member of the corporation;
        ``(2) matters on which a member of the corporation has the 
    right to vote; and
        ``(3) meeting, notice, quorum, voting and proxy requirements 
    and procedures.
If a member of the corporation is a corporation, such member shall be a 
nonprofit corporation.'';
        (2) by redesignating section 10 as section 11; and
        (3) by adding at the end of section 11 (as so redesignated) the 
    following: ``The corporation may not be dissolved without approval 
    by Congress.''.

                               Speaker of the House of Representatives.

                            Vice President of the United States and    
                                               President of the Senate.

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