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MI HB5377
Bill
Status
2/27/2014
Primary Sponsor
Gail Haines
Click for details
AI Summary
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Amends the Business Corporation Act to clarify the definition of "services in a learned profession" to exclude services provided by osteopathic physicians, physicians, or surgeons who are employees or independent contractors of nursing homes.
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Defines "shareholder" as a person holding units of proprietary interest in a corporation, with equivalence to "member" in a nonstock corporation.
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Defines "shares" as units into which proprietary interests in a corporation are divided, with equivalence to "membership" in a nonstock corporation.
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Does not take effect unless Senate Bill No. ___ or House Bill No. 5375 is enacted into law.
Legislative Description
Businesses; business corporations; definition of learned profession; clarify application to certain health professionals. Amends sec. 109 of 1972 PA 284 (MCL 450.1109). TIE BAR WITH: HB 5375'14
Occupations, health care professions
Last Action
Referred To Committee Of The Whole
8/13/2014