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AR SB572
Bill
Status
3/18/2021
Primary Sponsor
Dan Sullivan
Click for details
AI Summary
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Amends Arkansas Code § 4-29-307 to allow nonlicensed persons to serve as officers, directors, or shareholders of medical corporations, removing the previous requirement that all such positions be held by licensed healthcare professionals.
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Removes the prohibition on unlicensed persons having any part in ownership, management, or control of medical corporations.
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Eliminates the restriction on giving proxy voting rights to nonlicensed persons regarding corporation shares.
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Maintains the requirement that any medical or surgical treatment, consultation, or advice provided by the corporation must be given by licensed employees.
Legislative Description
To Amend The Medical Corporation Act; And To Allow A Nonlicensed Person To Be An Officer, Director, Or Shareholder Of A Medical Corporation.
Last Action
Sine Die adjournment
10/15/2021