This Article addresses the effects of increasingly stringent disclosure standards under securities laws as such standards affect capital generation by the not for profit health care industry. Recently promulgated Securities and Exchange Commission Rule 15c2-12 and voluntary disclosure standards are analyzed and applied to the health care tax exempt securities transaction. The authors conclude that the health care industry must accept the need for more extensive disclosure than has been the practice.
Northern Illinois University Law Review
Zimmerman, Robert J. and Rieken, Daniel J.
"Evolving Disclosure Practices and Standards Affecting Tax-Exempt Bonds Issued for the Nonprofit Health Care Industry,"
Northern Illinois University Law Review: Vol. 9:
3, Article 3.
Available at: https://huskiecommons.lib.niu.edu/niulr/vol9/iss3/3
Robert J. Zimmerman and Daniel J. Rieken, Evolving Disclosure Practices and Standards Affecting Tax-Exempt Bonds Issued for the Nonprofit Health Care Industry, 9 N. Ill. U. L. Rev. 467 (1989).