As used is this Part, "impaired" means a weakened financial state or condition that may affect a provider's ability to pay its obligations as they come due in the normal course of business.
N.C. Gen. Stat. § 58-64A-275
Definition of impairment
Known as the Continuing Care Retirement Communities Act
The act spans §§ 58-64A-1 to 58-64A-95 (77 sections).
2025-58, s. 2.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.