Loading chat...

NY S08442

Bill

Status

Introduced

6/18/2025

Primary Sponsor

Rachel May

Click for details

Origin

Senate

2025-2026 General Assembly

AI Summary

  • Requires physicians licensed in New York to hold the majority of voting shares, constitute a majority of directors, and hold all officer positions (except secretary and treasurer) in professional corporations organized to practice medicine

  • Prohibits non-physicians from directing or controlling the professional judgment of licensed physicians, physician associates, or nurse practitioners practicing within professional corporations

  • Restricts removal of physician directors and officers to majority shareholder or director vote, except in cases of fiduciary duty violations, license suspension/revocation, fraud, termination, or failure to meet established standards

  • Exempts federally-qualified health centers, rural health clinics, and nonprofit corporations serving migrant, rural, homeless, or medically underserved populations from these requirements

  • Prohibits retaliation against medical licensees who report suspected violations of law to management services organizations, hospitals, or state/federal authorities, including protection from enforcement of non-disclosure or non-disparagement agreements

Legislative Description

Prohibits non-physician organizations or their representatives to hold majority shares in or serve as directors of professional corporations organized to practice medicine.

Last Action

REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

1/7/2026

Committee Referrals

Corporations, Authorities and Commissions1/7/2026
Rules6/18/2025

Full Bill Text

No bill text available